4 ms·
> And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry? No, not beyond the normal ways most people benefi
by TheHappyOddish 3y ago
> And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry?
No, not beyond the normal ways most people benefit (super, investments, etc). I don't work with or contract for the real estate industry.
> The point was breaking a lease did not incur the full cost.
That's interesting. I did look up Victoria and it was as I expected. I've rented all over the country (quite a while ago), so seeing that from SA and QLD was a surprise from me. I looked up the rest for fun:
WA (landlords discretion):
https://reiwa.com.au/the-wa-market/resources/articles/can-you-break-a-rental-lease/ https://reiwa.com.au/the-wa-market/resources/articles/can-yo...
NSW (you pay X weeks based on percentage served as of 2020): https://www.fairtrading.nsw.gov.au/housing-and-property/renting/ending-a-tenancy#Breakingafixedtermagreementearly https://www.fairtrading.nsw.gov.au/housing-and-property/rent...
NT (landlords discretion): https://nt.gov.au/property/renters/moving-out/breaking-a-lease-early https://nt.gov.au/property/renters/moving-out/breaking-a-lea...
ACT (landlords discretion): https://www.acat.act.gov.au/case-types/rental-disputes/termination-of-a-lease https://www.acat.act.gov.au/case-types/rental-disputes/termi...
TAS (unclear, landlord must make reasonable efforts to find new leasee, but there appear to be a lot of loopholes): https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-tenancylease/tenant-ending-lease https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-...
I'm not sure I agree with "most Australian states" here - by number or by population count - but there's definitely a trend in that direction.
> I also never said ‘on average’,
I know, but it was a bit misleading. I'm sure in low occupancy times there were places that increased rent by over 100%, but cherry picking it wouldn't be reflective of reality. I was simply clarifying to the non informed reader that the rent increases we're seeing - whilst high - are not as bad as that.