said she had no option but to pack up and leave when her beloved two-bed rental was sold in October, leaving her priced completely out of the market.
She's even back at work, supplementing her pension with a few casual hours a week at the nearby Batemans Bay Soldiers Club."There are a lot of things wrong with it but I can live with it. I've made it comfortable for myself." Worst of all, on a pensioner's budget, she says petrol is too expensive to make the almost five-hour drive to Merimbula and back to see her kids and grandkids."But I'll never get back there."Nationwide, house rentals have been surging since the early months of the pandemic, up on average a staggering $170, or more than a third, according to SQM Research. Units aren't far behind, up almost 30 per cent to $480 over a similar period.
In Pyrmont, one 26-year-old digital marketer accepted his $150 rent increase — bargained down from $200 — without seriously considering moving, after seeing nightmare stories of people applying for dozens of places without success elsewhere in the city. Housing expert Professor Nicole Gurran said the housing market was moving a lot more as people returned to work in full force, combined with international students and immigration, and that was always seen first in the rental market.
"And until we've got a housing system that protects the needs and the rights of renters, you know, of course, a for-profit provider is going to maximise their profits in most cases."
Source: News Formal (newsformal.com)
Should have brought the joint 12 years ago.
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