What the fuck is up with this thread being a pity party for landlords? These people own positively geared properties that are skyrocketing in value. They also aren't paying stamp duty, then turn around and cry poor about paying rates.

My landlord's rates went up $80 (six month bill? Quarterly? Fucked if I know but....), our rent went up $20 PER WEEK.

I’m putting up the rent just cos I can haha

This is why I'm an advocate for massive expansions to social housing. Otherwise too many people are stuck paying off the landed class.

Unless you actually build more housing, the equation is as follows:

Is no one mentioning the NIMBYs? Not that I’m a fan of developers, but slowing down and blocking development of apartment blocks just leads to costs that get passed on to renters.

More land release is critical. Canberra is still a small city.

I have 6 children, 7 cats and 3 dogs, we are moving to Canberra next month.

That's gotta be a shitpost

No where

Iraq.

Gundagai.

I looked at buying an investment property a couple of years ago as rental income was so high but the combination of rates plus land tax plus body corporate + everything else, it made no sense as an investment unless I could have foreseen the dramatic rise in prices over the past two years (I couldn’t).

There isn't the labour to build that housing though

If they want to get more people in flats they need to seriously inprove strata laws. The amount of complete bullshit we have had to support out elderly widowed mother through with the corrupt, ageist, misogynist committee of old white men has turned me off for life.

I'm guessing you don't like these people?

Examples?

Over the years heaps of comments about ‘it won’t last’, ‘the market will collapse’ Bullshit. Rent in Canberra has always been high thanks to the massive land rates

I mean it has a lot to do with high incomes, and constrained supply as well.

Land rates and stamp duty are two sides of the same coin. Given most rental properties in Canberra are positively geared, the problem isn't rates at all.

not shocked. cost of living always been nuts her.e

For a small one bedroom unit (approximately), the first $100 per week goes to pay the land tax;. Not a landowner pity party, but IMHO the solution to affordable housing is not more taxes, or anti-CGT, but rather more competition in the form of % of income social housing.

In theory, if you take away the tax the rents will still be just as high. If you a profit maximising landlord you will charge the maximum renters are able to pay.

Anyone know if this part is accurate?

I will say that I've seen agents decline these types of advances pretty quickly at inspection. Doesn't mean it didn't happen later I guess but they shut it down verbally

I don't think that is accurate because there was consultation recently on tenancy reforms and rent bidding was one item considered...

Frowned upon under certain circumstances, but not illegal

I was told to do this when I struggled to find a house upon first moving to Canberra

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Of course it's expensive to rent - the local government has added lots of costs to landlords and expected them to somehow not try to pass these on. Further, development is super expensive so supply slowed down. This means only those who can pay the most can find somewhere to live.

Lamdlords can always sell.

I am being paying 140$ a week for a one bedroom apartment in Turner. Should I be thankful?

So renting off a family and friend?

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Canberrans: Our rent is definitely the highest... it's so ridiculous!!!

So basically your argument is that we get nicer apartments closer to services in exchange for higher rents?

Disagree. I lived in sydney for 4 years in the inner suburbs and it was much cheaper than living in Canberra. It’s also much less competitive in finding a rental and the agents are much more straightforward in sydney as opposed to Canberra

$1500? That's a load of shit. Just did a quick search of around the Sydney CBD and there are plenty of places starting around $350.

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Like where?