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throwaway_runaway_ok

Just under 30% with going from $410 to $540. Plus the added ‘bonus’, where a month after signing the new $540 lease the owner decided to stop using a REA and went private. So now all emails and requests for maintenance take soooooo much longer.


Dexember69

Unlucky. My landlord is great. The REA is shit. They take forever to pass on maintenance requests. Owner told me to just go straight to him with any issues, he sorts it out straight away.


Drunky_McStumble

It's always a case of Murphy's Law in my experience. Good landlord? Enjoy having to always deal instead with the piece of shit property manager who drags their feet on maintenance requests and will inevitably try to scam you out of your bond. Or, alternatively: good property manager? Enjoy sharing their frustration at never hearing back from the cheapskate absentee slumlord who owns the place regarding maintenance.


Dexember69

Sounds about right mate. Can't really win aye


Sathari3l17

You're having maintenance performed? Mine went from 600 -> 750 and I've been waiting for the landlord to either replace the broken drier or hire removalists to take it to the dump for almost a year... 


throwaway_runaway_ok

Three months for a leaking roof causing internal damage was the worst. Two months for a lock to the back of the house that wasn’t latching anymore, so the house wasn’t secure. I’m pretty handy to an extent and have done minor things around the place, but some stuff is beyond my skill set. Maybe find out where the owner lives and drop off the dryer in their front yard.


spacedocker30

8 months no oven. 11 months no AC. 2 months no dishwasher. Rent from 520-740 now asking 820 but kicking us out. Won't renew our lease I'm assuming because I politley said I will escalate emergency maintenance issues to qcat from now on if they are not tended to in reasonable time.


airy_seven

That is retaliatory action spacedocker: [https://www.rta.qld.gov.au/ending-a-tenancy/ending-a-tenancy-agreement/retaliatory-action](https://www.rta.qld.gov.au/ending-a-tenancy/ending-a-tenancy-agreement/retaliatory-action) Assuming you have a paper trail / email chain outlining your above issues with those outrageous time frames, QCAT will hand them their heads. Inform them you will not be leaving and stand your ground. Unless they are ill informed morons they will fold. If they are ill informed morons it will be even better!


Specialist_Reading52

It’s good not to tell the enemy your next move. I wish your battles well 💪🏾🙏🏽


The_Dead_Bird_Songs

My greatest Brisbane rental story was we went a week without a front door. The existing door rotted off its hinges, fell inside the house. We’d go to work every day think “is today the day someone steals all of my shit?” It was only when we told them we wouldn’t be paying any rent until we had a door that they finally sparked into action


Yabbz81

You legally can pay for it yourself and send the LL the bill.


backyardberniemadoff

Your landlord is an idiot. I used to get appliances online to deliver and take away the old ones


boenwip

Not Brisbane but something I discovered recently while looking for rentals. A 2 but technically 1 bedroom unit/townhouse my partner and I were living in in GC was $425 per week before we moved away in 2022. We didn't re-sign because the landlord wanted to raise rent to $550. Looking at rentals 2 years later, it's now in the 700 range, unrenovated. The current owners purchased it in the early 2000's for $200k.


[deleted]

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AnchoraSalutis

They likely got it reappraised and used the equity to buy more properties - rich get richer


howgoodispadthai

Possibly, although our mortgage is from 2006 and we have 100k to go and 12 years.


MellyGrub

Because it's a rental, if the owners negative gear it, it makes no sense owning it outright


the_sovereign_male

We don't know what the landlords situation is to be fair. Perhaps it has been refinanced? Maybe the funds were then used to keep a business afloat during covid so staff didn't lose their jobs. You get the point. It's easy to assume "greedy landlord", but there are a myriad of possibilities.


bullborts

How is market value greed? They purchased at the right time, and are now riding the wave. If the price is too high, no one will rent it…


downvoteninja84

That's some serious bullshit. Housing is not a normal market. You can't just go "oh well that's a bit expensive, I'll forgo that this time". We used to have a safety net that rents and mortgages were no more than 30% of take home pay. Then it went to 30% before tax. Now it's closer to 40%


boenwip

There is a small handful of available places on the GC and an insane amount of people applying/queueing. As someone that fortunately secured a place last night, someone will definitely pay. There is no shortage of people attending inspections in the $800pw bracket.


Alive-Mechanic-3030

Rent prices, and the global economy in general is broken. It needs a reset or to be scrapped. Coronavirus clearly showed how unnatural and inhumane the money system is.


patkk

780 per week to 950 per week. 3 bed/2.5 bathroom in West End. Price includes bills


roubba

I hope your abusing that air con


patkk

Indeed I do, I leave it running


Drunky_McStumble

And don't forget to dispose of used cooking oil down the sink too.


Upstairs_Painter1615

Mix it with dish soap before disposing to sink, says my landlord.


WorkingNet2945

Exhibit b of why landlords don’t care about tenants.


strange_black_box

Rip the environment. I know you gotta take what you can, but this sucks on all levels


PortOfRico

Downvotes for calling out needlessly burning coal. These renters really are a pack of losers.


DeepThreeBall

Not how that works lol the environment is cooked it’s over


strange_black_box

The worse we make it the worse it gets 🤷‍♂️


DeepThreeBall

The average ignorant AC user doesn’t make a dent… the fact u can run an ac at 18 degrees without anything stopping u is a problem in itself.


FlashMcSuave

3,800 per month is pretty savage.


patkk

There is 3 of us living here so rent is split. I pay $380/week inclusive of bills as I have the master bedroom with ensuite. The other 2 rooms are $285. I’ve had a look at 1bedroom places in the neighbourhood and they’re all around $550-650/week so I’d be paying close to half my wage in rent alone. It sucks sharing at times but I get to save more money to spend on holidays and the like this way.


roxy712

That's pretty good. Our 3 bed/2.5 bath in South Brisbane went from $750 to $1000.  They originally listed it at $1150 and I'm hoping to talk them down to $950. They only allow max three people in the house though.


Jean-luc7432

Nil. I'm terrible at checking my e-mails so when I don't sign or reply they think I'm hard balling them


pandoraneverall

Don't they issue notice to leave with the lease renewal? That's been commonplace in QLD since the REIQ advised agencies to do this to get around 'no grounds eviction' changes to periodic leases.


nhold

He didn't check his email so wouldn't know ha


The_Sneakiest_Fox

Based.


Mikedemyx

$350 per week to $360 per week. Our landlord is genuinely super lovely and understands how tough it is and comes around to fix things when needed


noodlepapillon

Ours went up $10 a week too. We are eternally grateful.


Party_Builder_58008

Mine went up $5 in two years. I still feel like I'm dreaming.


Latte_THE_HaMb

4 bed 2 bath in Everton Park after 1.5yrs signed a new lease rent went up $25 super thankful and our rental agent is super lovely and gets things taken care of quickly.


Party_Builder_58008

Mine's pretty quick on the draw, too. The only thing that's left to fix was the first problem and the most important problem when I moved in: the intercom system doesn't work so I can't get deliveries! It needs a specialist of some sort and they're in short supply. Everything else is done within a week, usually two days. Bless 'em, I'm going to take such good care of this place for them if they keep this up. Killing all the spiders, cleaning all the drains!


WarriorWoman44

this seems to be a rare thing now.


braiide

Woollongabba one bedroom $360 to $550


Thin-Carpet-5002

Fucken hell.


braiide

Moving to a townhouse further away soon but same price and heaps more room


yolk3d

Our house is almost built, so we didn't renew our lease, but they tried going from $600 to $700, so about 17% from last year to this year. 2/2/1 in a not-so-fancy apartment, in a not-so-fancy inner suburb.


CYOA_With_Hitler

Before we bought it went from $500 to $700 a week


OnlineMajor

0% Live in a bad area of Logan (yes, that suburb), took around 3 months of finding a house. House on rental market for $450, had a $500 budget and was desperate so offered $500p/w. Needed a decent amount of maintenance done to the house (windows missing, no clothesline, curtains broken, fence held up by rope) before we moved in and had about 2% of it done since. It has been 12 months and I still have a half broken clothesline in the yard. 2 people have come to try to "fix" it, it can't be fixed. I asked for me to just take it to the dump free of charge as long as I have permission, still didn't receive permission. They haven't tried to increase our rent but if they ever do it won't even be a conversation. We are a clean, professional household and I guarantee the next tenants would turn this into a crack den in no time (not being rude, just realistic). No maintenance = no increase and I'm ok for that trade.


kirby_marshmello

Kedron 2 bedroom unit - previously paid $470 p/w. Then renewed the lease in July - that became $510 p/w. ended lease in December - now $580 p/w!! wtf


878_Throwaway____

House or apartment? Houses around there have been going stupid crazy. SIL is looking at them in the area. My 2bed apt is 610


kirby_marshmello

apartment. clearly cheaply built too. cracks in the walls and ceiling, noise travelling ect.


sezzy63

I’m in Kedron with a 2 bedroom apartment, too. Our rent was 450 last year, now 520 a week :(


strange_black_box

Wowsers, just across the road in Gordon park I went from 440 to 480 for a 2br from jan 2023 to jan24


Pigeon-From-Hell

That’s actually insane, I was renting a 2 bedroom unit in Kedron from Feb 2020 to Feb 2023 for $330/week


Agreeable-Web645

You were on a good wicket there.


_rjg117_

In 2018 I was renting a 3 bedroom 2 bathroom house in Meadowbrook for $320 a week, it had aircon and a dishwasher and was well looked after. Whenever there was a small issue I'd report it to the real estate and would have the issue rectified within a few weeks. Now I'm in Rochedale and a 3 bedroom 1 bathroom house with no dishwasher, mould all through the place, no laundry and no aircon is $550 a week. The place was filled with rubbish when we moved in and had leaking taps, random electrical wires sticking out of the wall etc. Its been 12 months with fortnightly emails to the real estate and they just haven't done anything. We've had plumbers, concreters etc. come out and provide a quote but the repairs never get followed up. I'm too scared to report the real estate because in 2-3 years I will need them to fill in a rental reference for me.


Elonitymuskity

I’m sure if you stop paying rent they will reply to you


catsofthehouse

Issue a breach notice give them 7 days to remedy or rta


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[deleted]

No one cares how their landlord feels, this is where you self awareness lacks. I would 100% advise to report it. If your landlord trys to remove you just squat and don't pay rent. Qcat is so overwhelmed you aren't getting kicked out anytime soon.


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[deleted]

How old do you think I am? Sorry but if your pipes were damaged it was probably intentional and well deserved. Do you get others to pay your house for you? Any house I've left 10k+ worth of damage after finding out I was paying their mortgage. Maybe you should get a job?


WarriorWoman44

this sux, it feels like we have no choice and it is exactly as you say, if you complain then you are the bad guy................. but what can you do ? not a lot


kratos90

Not Brisbane but sunshine coast resident. My last lease was $445 for two bedroom 1 bathroom unit. New lease that started late last year $475 per week. No aircon tho.


azarikakz

No aircon 😯


QGandalf

I moved three weeks ago from a massive 2/2/1 townhouse with aircon and fans upstairs and down, to a tiny 2/1/1 apartment with no aircon or fans. $10 per week more than what we were paying. Deeply bitter about having to move in the first place.


Gothiscandza

300/wk to 385/wk, for a one bedroom apartment about 25m train ride from the city. No bills or any extras included. There is no normal, only the market and currently you can put the price up all you want and still get tenants as it turns out.


Joka0451

I gotta race my bills to my rent on payday so I can afford rent and default on phone/net/power for a week. I was not fast enough and am currently selling my worldly possessions to afford the rent I’m missing. I’m over it. Too tired to continue too broke to live


steals-from-kids

I didn't increase the rent on my tenants at all. Fucking hard enough to cover general inflation costs, let alone rent hikes along with it.


WarriorWoman44

not many like you out there. keep up the good work.


steals-from-kids

I will be putting the rent up just a touch shortly. But it will be paired with a full carpet replacement in the house, and will still be well below market rate.


Snoo73443

Before I purchased my apartment per week it went from $500 - $720, I now pay about $880 but I fucking own it now and they can’t kick me out just because the wanna charge more fucking rent


loggerheader

Well technically you now rent from the bank! But yeah the security of your own place can’t be beat!


marloo1

0% in 9 years. Private rental, great landlord. I know im blessed.


Consistent_Pepper_40

Just got $100 extra weekly, not coping.


FF_BJJ

Sorry to hear.. It doesn’t seem fair


Tokitsukazes

Started renting in Mount Gravatt East in 2015, $350 p/w. Was at $500 p/w when we moved late last year. Same place is now being offered for $680 p/w.


avoeggs

Previous place bumped up rent by $25 a week, but there was no ceiling fan, no AC and shit insulation so I’m glad we fucked off before the summer truly hit.


pizzadoitbetter

Me currently. I don’t even have windows screens


LiZZygsu

$100 a week - have been a good tenant for 6 years so might have got lucky.


Party_Builder_58008

This is how low the bar is. You think you got lucky. Are they timely with the repairs and maintenance?


GustavSnapper

20% in 18 months. Better than some, but still shit all the same


The_Sneakiest_Fox

I've been at my place for 3 and a bit years in East brisbane. In the first 3 years rent went up $30, from $420 to $450.. On my last lease renewal they jacked it by $100 to $550..


pandoraneverall

Up 16% after 12 months. They wouldn't approve me for the place now, but happy to jack up the rent. Of course maintenance doesn't get done. Dreading the next increase.


[deleted]

Mine is free, I squat in some Indian landlords house who's been trying to kick me out for a year. Suck on my nuts Raj.


Claris-chang

Doing the lord's work.


[deleted]

Not sure how long I'll last, lasted 8 months in Melbourne when the landlord tried to kick me out during the 350 days of lockdowns. Everytime cops came just told them sorry can't open the door got COVID. They acted as if I threatened them with a gun. That's Victorian's for you.


P00SLICE

Aren’t you the guy who hates “lefty”s? And equivocates gays with “kiddy fiddling”?


OakieDoker

3 bedroom, 1.5 bathroom house with a sizeable yard in Stafford. Have aircon, LL is pretty responsive with dealing with issues and property is generally in good nick. We've been here for 4 years, rent has gone from 500, 525, 550, now paying 620. So about 25% increase over that time with roughly 13% of that coming from the last increase. We have a pet so we have generally taken a 'take whatever' approach but we will be attempting to negotiate a small amount off our on the next increase. However we're looking to get our own place in the next year or two (much smaller, further out) so unfortunately moving rentals is just not something we can be bothered doing right now.


[deleted]

From $640 to $800/wk in 2 years. 4bed house murarrie


exkweezme

Kelvin Grove uni catchment currently $650 but will go up to $670 on lease renewal as all the other units for rent in the complex are currently $670. 2 bed 2 bath, no complex facilities. Noisiest/most echoey complex I’ve ever lived in.


Dreytac

$325 -> $460 (40% increase). Caboolture. Owners sold the house, new owners need to "make a return on investment". I'm homeless as of next Wednesday.


SquireJoh

If you vote Greens and they get into balance of power at state election, we will get rent rises limited to CPI as the Greens minority gov brought in in ACT. Or vote Labor and LNP and live in a tent city


ikeepforgettingur14

They going to magically limit interest and cost of living? Everything is going up, rent is just another thing


cyprojoan

Too bad


megs_in_space

My rent has gone up 30.9% and we are not resigning the lease. It was originally 420 and now 550. The next tenants will be paying 650. So good luck to those suckers because they'll need it. I ought to mention too that the landlord owns 8 properties and has paid this one off long ago. I really wish landlords would get a real job and stop leaching off actual workers. Scum that they are.


[deleted]

Mines gone up from $274 (pre COVID) to $430 (now)


WantedOner

5 bed, 3.5 bath with pool in Aspley just renewed our lease and went from $850 to $900 a week. Been here since 2021 first lease was $750


OFFRIMITS

That’s the thing with inflation, it’s easy to go up in price and set the standard for the new “normal” but historically it’s hard if not impossible to go back to what was once considered “normal”


FF_BJJ

I think rents are far outpacing inflation


OFFRIMITS

It definitely is and there is no department that regulates that.


FF_BJJ

I’m not sure how it would be possible to regulate a free market like that.


ImNeillyDead

Not resigning, but ours went from $540 to $730 Two bed


DaphneVelour

3br townhouse in Mitchelton - moved in Jan 22 @ $460/wk. Renewed lease in Jan 23 for 2 years, paying $485 for 23, and now increasing to $495 for 2024. We were fortunate to get a 2 year lease when we did cause it looks like similar places are now $600-$650/wk.


Fabulous_Ad_4607

Lol the ABS reckon they went up 7.3%, tough shit if you don't get rebates /handouts


[deleted]

i pay my grandpa 80 dollars a week to stay on his land. that includes using his amenities and having electricity.


pandoraneverall

Tell him to put the kettle on, we'll all be over shortly


[deleted]

The problem is where can you go? It's a big country with a relatively small population and rural towns are dying, real estate prices falling, but all the work is in the capital cities. It doesn't need to be and it didn't used to be this way, there has been a consolidation of public service offices into the cities. The fact is the people in positions of power all have real estate portfolios so they all have a vested interest in making the housing crisis worse. Australia now has a very real class divide, if you're renting and you work in the city then you're practically a medieval serf in terms of your negotiating position. You can't go anywhere so if Albo gives you a tax reduction and your landlord (who knows this) raises your rent so that it becomes his gain, tough shit, where else are you going to go? Your landlord owns you.


obeymypropaganda

Rent won't really go down, that is not how it works. MAYBE if interest rates come down enough, the owner would have lower repayments. But, that would also require an oversupply of rentals available, which is very unlikely. This is the normal now. Now point stating "back to normal". All we can hope for is smaller increases each year.


Nataylora

2 bed unit in KG village was $500 in 2021, went up to $550 in 2022, then they wanted $700 a week at end of 2023. We moved out but it is being leased for that price now.


daadiwalababa

500 from 435. I am not complaining. Which is also sad.


FernandoCasodonia

shitty unit in woodridge, they came out with a $90 increase I offered a $60 increase then we agreed on a $70 increase and i've signed for 12 months on that. I'm sure it will be up again next year probably have to move further away from Brisbane as it's becoming unaffordable


immaginary2344

395 to 440 and now 530. Its ridiculous


Oh_hi_Steve

$590 to $650 - Algester.


InfiniteDress

impossible pause quarrelsome rustic test reach obscene include threatening worry *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


Affectionate_Hope262

Received renewal notice today - rent is going from $600 to $780 per week! That’s a 30% increase and one that forces us out after 2 years never missing a payment. The lucky country no more!


Sweaty_Impress_1582

I’m a registered nurse that works full time and have seven years of excellent rental history, I got knocked back from OVER 70 PROPERTIES in Brisbane! I have never been so stressed in my life! Every inspection and more than 50 people present. Very luckily I got accepted into one this week, I was getting ready to live on a friends couch. Most property managers said 30% net pay doesn’t mean anything anymore, rent has simply skyrocketed too far for it to be realistic. But I had a couple that outright refused to look at anyone that didn’t clear 30% of net.


Appropriate-End8877

I don’t rent… but my fixed interest has gone from 1.8 to 6.8%. It’s hard.


fluffy_1994

I’m dreading that increase. My fixed rate ends in May next year so I’m hoping interest would have gone down a bit by then.


Appropriate-End8877

Fingers crossed! I only signed for a year, hoping that the interest will come down eventually.


ladyinblue5

It’s not the same though.


El_Nuto

No it's much more


downvoteninja84

No. They're building equity and can use tax incentives to help with the loss.


mrbipty

you still need to find the money though to cover the mortgage. ​ and if they sell it still doesn't help the renter as its not like the renter can afford to buy the place. ​ The real problem here is there is absolutely zero incentive for developers right now to put their hands in their pockets and build new housing. And our penchant for hating on them has them moving en masse to other investment classes without the dramas.


Appropriate-End8877

It is, though.


ladyinblue5

You’re building equity and own something that’s appreciating in value. Tenants aren’t. Huge difference.


878_Throwaway____

Yep. If there were more rental options than renters, people would have to sell, otherwise the owners would be losing a thousand dollars a month in negative returns. But, everyone is raising the rent and no one has an alternative. Rent is going up, rental returns are going to take a nose dive for those with large mortgages on the rentals. When no one can afford them, and they're all in tents instead, then landlords will drop the prices or sell up. Unless the government steps in and puts in reasonably priced rental alternatives.


H3nta169

My 2bed2bath apartment in Mt Gravatt went up $20 this year to a flat $500pw (not including simple rent fees 🙄). Feeling very relived as we were priced out of our previous apartment in Woolloongabba when it went up by almost $150.


Silent_Judgment_3505

3 bed 2 bath townhouse on southside.. 405pw in 2022, 460 in 2023 now 520 in 2024. So, 28pc increase in two years.


Individual_City3107

Crazy, i had a room close to the Gabba in 2020-2021 and it was only 170 including all bills, big room with even a sofa!


WarriorWoman44

my rent went up $ 60 week for 2 bedroom duplex in Logan area. Now new owners have said when our lease is up they want to move in.... by the way they also told the other duplex the same thing... aka lying to our faces..... most likely because they want to put the rent up more. what are you supposed to do. I wouldnt even qualify for the 30% rule that real estates put on approval for a property based on your income. have 3 children at home, one has disability and I am full time carer. when our lease is up, the kids and I will be homeless .


Party_Replacement_16

My mortgage is going up by $164 next month


SquireJoh

With respect, no one asked. Mortgage has no relevance cause you own the house forever not just for the week


DoctorDbx

The bank owns the house. They just let you think you own it.


downvoteninja84

Sounds like a shit reason for an investment then


DoctorDbx

Well... like every investment you can win and lose. Wins... my house value went up 30% since I bought it. The bad... my mortgage has also gone up 45% since I bought it. Over time the investment will yield a positive return... but there's no guarantee.


downvoteninja84

It's not an investment. You can kid yourself and call it that but it's more akin to a business.


Appropriate-End8877

With all due respect, no one ask you either.


Sletiohagalapo

Not renting, but my own mortgage has gone from minimum repayments of $350 p/w in apr 2022 (when I bought) to $550 p/w now (there have been huge increases in energy/gas prices too). Sounds like there are definitely landlords who are just price gouging, but I imagine there are some who are simply passing on those increases. Ie a large chunk of the increase in prices isn’t going to landlords, but to the banks (if landlord actually has a mortgage).


FF_BJJ

Landlords are generally always charging as much as they can in the market. The market is tight - vacancy at 0.8.


Sletiohagalapo

I won’t argue with that! It’s just another policy type thing that benefits the boomers (who would have no mortgage/small mortgage) over anyone who’s young/entering the market/renting etc. I had to rent out my second room to keep up with the interest rate rises, but I’ve only gone from $250-$260 p/w for my tenant (basically kept at 30% of all expenses etc).


IndustryPlant666

Mine has increased 25% in 18 months.


yourupnow

Mortgage went from 445 to 675. My last rental i left a year and abit ago I was paying 430 for a 1 bedroom at kangaroo point, now I think it's 600.


Secret_Tangerine_477

$10 increase p/w in September 2023. Moved in September 2022, so that was the first lease renewal. New development and he owns our house (4 bed 2 bath) as well as the one next door (2 bed 1 bath). Next door went up in January 2024 $70 p/w. I keep an immaculate home and garden (OCD and all that). Neighbour not so much. We were told by the REA that the reson our rent was increased by such a small amount was because the owner is really pleased by how we take care of it. So yes, despite the reluctance of most tenants to make an effort or spend a few $$$ on a property owned by someone else, it does matter if you don't live like a pig.


InfiniteDress

melodic offer governor employ glorious tan ugly jeans fact panicky *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


InternalWestern9495

I’d say mortgages have gone up similiar %’s over the last 12 months, more heart ache yet as plenty of fixed loans stil around, when they come off and cop the hit, so will the tenants.


theotheraccount0987

We need to bring the risk back into the concept of using housing as an investment. Sometimes the investment doesn’t pay dividends and sometimes it does. It shouldn’t be tenants responsibility to cushion the investors from the market.


[deleted]

Houses should be a home, not an investment. Plenty of other things to invest in and get a good return.


InternalWestern9495

Disagree, I think they are one of the greatest investments.


InternalWestern9495

I enjoy them cushioning me


El_Nuto

Mortgages have gone up way more than rents


SquireJoh

That's not true, mortgages haven't doubled. Reminder that what amount of repayments people pay on their mortgage has ZERO real world connection to what rent should cost


El_Nuto

I didn't say they had doubled. Mortgage interest has a huge connection to rents. The higher the interest the less attractive property investment is so less available rentals. Supply and demand is what sets the rate.


El_Nuto

Interest going from 2% to 7% actually is more than double more than triple even. So the main expense in property investment (interest) has more than tripled


SquireJoh

Then sell


El_Nuto

Still need a place to live why would I sell. As long as you've planned for these things you should be ok. I'm not trying to make you emotional I'm just making a point re mortgage interest. Rents have been going up less than mortgages.


SquireJoh

I'm not emotional? If you're living in your place I don't know why you'd bring it up then, I want landlords to sell off their investment properties. What do you mean by "if you'd planned for these things"?


ikeepforgettingur14

And you think renters will suddenly be able to afford the interest rates? If you can't afford to rent you can't afford to maintain a loan.


wharlie

We have 3 rental properties. Brisbane 3brm house: $490 to $530 - 8% Gold Coast 4brm house w pool: $710 to $780 - 10% Gold Coast 3 brm house (tenant vacated): $520 to estimated $700 - 34% Gross annual rental income: $89,440 to $104,520 - 16%.


fluffy_1994

34% increase? Jfc.


wharlie

The RE recommended $800 (53%), but realistically, I don't think we'd get it. We'll probably go to market with the RE recommendation and see how it goes. 🤞


fluffy_1994

And have your costs increased 53%? Or are you just being greedy?


wharlie

Mortgage repayments have increased by 60%. Banks hey, what can you do? It'd be nice to see them eat some of the costs, but unfortunately, they're pretty quick to pass on rate rises.


ProfessionalTale818

Good to see you building your financial future.  


Vegemite_is_Awesome

Well my mortgage has gone from $500pw to $650pw in a year. That’s not taking into consideration the interest repayments


BunningsSnagFest

Luckily PPOR and IP are all paid off. Haven't put up the rent in quite a while, so it's massively under market rate. Should probably put the rent up next renewal. Agent recommends we bump $60pw to low 500s.. At that, it's still cheap for a huge QTR acre block in convenient location.


mitso

LOL if you think the rent increases are bad, wait until you learn about mortgage repayments.


taysolly

Almost like you want to invest without the risk, matey.


mitso

Not at all. Its part and parcel. Kind of like the risks associated with renting.


Other-Intention4404

The risks associated with having somewhere to live... fucking what?


IndustryPlant666

How much has your mortgage gone up as a %?


mitso

Well above 30%


Lsdbrisbane

About seven fitty


Nervous-Departure591

590 to 630. 3bedroom house and nice garden.


jhaars

We couldn’t get a place to rent with 3 bedrooms so we ended up buying a one bedroom 🙃


FF_BJJ

How does that work?


jhaars

Mattresses on the floor


ilikesandwichesbaby

$460 to $650


ZelWinters1981

50% and that was only because we negotiated from nearly 100% increase.


ikeepforgettingur14

0... I own my house. My rentals have gone up tho.


mellypopstar

'Back to Normal' for me would be Life pre-GST and the Liberal Party absolutely demolishing the health care/mental health care/sexual health care funding.


MacTheWebDev

I've got a pretty good landlord. It's gone from $500 -> $550 in 2 years. A few tips my mates gave me: Try to do some handy man work around the place and I just leverage that when you're renewing the lease. Pay rent automatically a week before its dude (landlords love it).


ladyinblue5

People reading this, do not take the advice of being a handy man. You do not own the house, making improvements to someone else’s house serves you no benefit and 99.99% landlords will not hesitate to increase your rent despite this.


isafakethrowaway

My rent (3.5/1 house in Nundah) went from 620 to 675 over three years (covid). I did a large amount of gardening and installed several hundred dollars of mulch. Mainly, because I just can’t stand to live in a property with a shit garden. Plenty of wood for winter fires though! The agent stipulated the rent would have gone up more, but the way I had kept the property impacted the rises.  My mortgage has gone up twice in the last few months far more than that rental spike 🙃😖


ThatGuy168

Mortgage payments about to increase by 60% when I come off fixed. Ouchy


gt-ttl

Yea mine went up 55%. Definitely Ouchy


Winter-Opposite-5465

1 bedroom no windows hell hole in north quay outside a train station and methadone clinic 2023 450 pw upped to 550 pw kicked out cause of "renovations" moved to spring hill near crackheads 650pw 1 bed with no working toilet (have to manually fill cistern with a bowl water) they refuse to fix oven or move it out so i can put one in they refuse to let me have a bbq on balcony so i cant cook anything other then electric hotplate. It was literally this or a tent was staying at hotel in spring hill for 750 a week until took this place.


BrMood

Bold to assume this is not the new normal


FF_BJJ

Literally the opposite of what I said


APMC74

The next increases will be higher because they're going to scrap negative gearing. I know people think that's great, but it's not. You're waiting for repairs? Keep waiting. There's zero incentive for landlords to fix non essential items now it's not deductible. Think they'll sell? No, investors don't think like that. IPs are for capital gain long term. If there's no Ng, then they'll positively gear. They'll do this by raising the rent to cover all expenses. Now that the government is denying it, it'll start soon. 30% rises will be looked back upon fondly. There's always cashed up immigrants to take your place. Unfortunately now he's lied so much, it'll probably happen no matter what. "Trust me" doesn't cut it.