‘If you don’t like it, leave’: renters priced out of their homes as landlords pass on costs of RBA rate hikes

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Greens MP says there is ‘desperate need’ for reform as tenants feel the pain of low vacancies and rising interest rates

to interest rates were having a knock-on effect for investment property owners and, by extension, their tenants.

“It would have taken up every single last dollar that we had. We would not be capable of saving anything.” “We needed something that had some level of lift access, bathrooms designed for people who need to sit down to shower,” he said. “The new place we are in is not quite as good accessibility-wise.”Sign up to receive an email with the top stories from Guardian Australia every morningThe policy and advocacy manager at Tenants’ Union of NSW, Jemima Mowbray, said on average it costs a household about $4,000 each time they move, not including the bond cost.

 

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Well what do you expect if every business is passing on costs like food, clothes, fuel, services, flights, household goods and building materials, cars etc etc so why would landlords do the same?

Excellent idea, why wouldn’t we want a world where both landlords AND their tenants are happy

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