Median Gold Coast rental prices soar to $850 a week for a house, $680 a week for a unit lolita, 08/04/2025 Renting on the Gold Coast is so expensive that tenants are sharing properties with as many people as they can make ends meet. Key points: Gold Coast tenants are living with up to five housemates to afford rent The median cost of a unit on the Gold Coast has risen to $680 a week In 2022, 25,715 interstate arrivals moved to the Gold Coast Among them is disability support worker Lillian Reed, who moved to the Gold Coast – Queensland’s most expensive place to rent – two years ago. “I live with four other people, so five people in a four-bedroom house,” she said. “It’s just so much more expensive here and there’s obviously a lot more competition, so it’s tough.” The 24-year-old initially planned to live in a beachside suburb but couldn’t afford it, so she moved into the smallest and cheapest room in her Varsity Lakes home. Lillian Reed is living with four other people so that she can afford to live on the Gold Coast.(Supplied: Lillian Reed) “I need to be working six days a week [to afford it] and our rent has increased by $110 in the past year, so it just keeps … Continue Reading
Loophole adds to ‘shameful’ rental conditions in England, says housing chief | Property rental lolita, 06/04/2025 A loophole allowing landlords to rent out squalid homes is contributing to “shameful” conditions of the type seen nearly a century ago, the head of England’s environmental health chiefs has said. Peter Wright called for wholesale reform of how the private rented sector is regulated to address “serious systemic failings” that leave tenants at the mercy of rogue landlords. Colleagues had seen properties in such disrepair – racked with mold, damp and rats – that they “keep officers awake at night”, he said. “There are some living conditions today that are as poor as we would have found in the 1930s, 40s and 50s. It’s shameful to feel that there are still people living in terrible conditions in 2023 in England.” Wright, the chair of the Association of Chief Environmental Health Officers in England, spoke to the Guardian as part of a series shining a light on Britain’s private rental sector. He said landlords had been able to get away with renting out squalid homes because there was no legal minimum standard that private rented properties in England had to meet, unlike in the social housing sector. This means it is not illegal for a landlord to rent out a … Continue Reading
Renters would now be financially better off buying one-third of the places they rent lolita, 04/04/2025 Renters in many major capital cities would now be financially better off buying the apartment or unit that they live in, according to new analysis that further highlights the ongoing rental affordability crunch for lower-income households. The data from private analytics company PropTrack compares the estimated cost of renting a property for 10 years versus purchasing one with a 20 per cent deposit, adding in stamp duty and rates. Early last year, it was found about one-quarter of properties nationally were cheaper to buy than rent. This has now risen to a third. This trend is much more acute when you split out apartments or units. Housing analytics firm PropTrack released this data on November 28, 2023.(Supplied: PropTrack) PropTrack economist Paul Ryan says this trend is emerging not because buying is getting cheaper but because rents keep going up rapidly, especially at the “bottom end” of the market dominated by students, young people and those on lower incomes. “We’ve seen rent growth on units increase quite substantially,” he adds. Housing market analysts say there are many reasons behind the continuing rental crunch, including the resurgence of migration, unwinding trends after the pandemic and a slowdown in new … Continue Reading
Property prices stabilizing after another boom, with rents still going up, especially on apartments lolita, 24/03/2025 The property market appears to be stabilizing in key regions after the latest boom, according to the latest monthly figures, with analysts forecasting that prices will not keep rising as quickly next year. Key points: Melbourne and Hobart home prices dropped 0.1 per cent in November Perth (+1.9 per cent), Brisbane (+1.3 per cent) and Adelaide (+1.2 per cent) had the biggest monthly city increases Homes at the lower to mid-range price points are now performing better than the top end The median national property price is now at a record high of $753,654, according to CoreLogic, although it is much higher in Sydney at more than $1.2 million. Key markets Sydney and Melbourne were fairly flat over the past month, but prices were still rising strongly in Brisbane, Adelaide and Perth. “They’re continuing to see housing values rocketing along,” CoreLogic’s chief economist Tim Lawless says. “Below the surface there’s a lot of diversity here.” CoreLogic’s figures for November show a patchwork of results across the country.(Supplied: CoreLogic) Interest rates have been rising since May last year, with some economists tipping another rate rise in February. Mr Lawless says property value growth is slowing as buyers at … Continue Reading
Rising taxes, interest rates and tightened tenancy laws. Here’s why landlords say they’re selling up lolita, 05/09/2024 For Alison Dougherty, being a landlord was always a two-way street. “The tenants depend on me and I depend on the tenants,” she said. “So it was always important for me to look after the tenants and no request unless it was unreasonable was ever knocked back. “And if I had a great tenant, which I often did, I wouldn’t raise the rent.” But after more than a decade as an investment property owner, Ms Dougherty joined what industry groups warned was an exodus of landlords selling up. Rising taxes, changing tenancy laws and biting interest rates are some of the reasons, according to one recent industry survey, that property investors are exiting the market in droves. “Many are selling their properties. Many are selling all of their properties,” Nicola McDougall from the Property Investment Professionals of Australia (PIPA) said. “And what our survey also showed — a significant percentage have actually said they will never be an investor ever again.” Nicola McDougall … Continue Reading
The tax risks of renting out your home: Canadian real estate news for August 19 lolita, 29/08/2024 Open this photo in gallery: This week’s top real estate and housing news.Engel & Völkers Toronto Central Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look. Take The Globe’s business and investing news quiz Homeowners renting their properties can jeopardize thousands in tax benefits There are thousands of dollars available in tax benefits for Canadians buying their first property. But what you may not know is that you could lose them by renting to tenants, because many of them require that you use the property as your primary residence. Some of these benefits include exemptions for land transfer taxes and the First-Time Home Buyer’s Tax Credit, writes Salmaan Farooqui. Home-sharing platforms help students find seniors who have empty bedrooms Two companies, Sparrow Living and SpacesShared, want to tap an unused part of the housing market by matching renters with homeowners who have empty bedrooms. Both home-sharing platforms say they’ve been inundated by requests since they launched, reports Rachelle Younglai. Due to an aging population and limited downsizing options, more Canadians are living in homes … Continue Reading
Woman offers to rent out half of her bed for 658 USD in Toronto | WorldNews lolita, 28/08/2024 A woman’s offer to rent out half of her bed amid soaring house rents in Toronto has surprised social media users. Toronto-based realtor Anya Ettinger highlighted a post that was shared on Facebook Marketplace, where a person had offered to rent out half a bed for 900 Canadian dollars (658.10 US dollars) a month. A woman’s offer to rent out half of her bed amid soaring house rents in Toronto has surprised social media users (Pixabay – representational image) ”Looking for an easy-going woman to share the master bedroom and the one Queen-sized bed. I have previously shared the bedroom which only has one queen size with a roommate I found on Facebook, and it worked out perfectly well,” the post, which has now been deleted, read. Anya shared the post on Instagram. Shocked, she emarked, “Just when you thought the Toronto market couldn’t get any worse, it did. This is so unhinged. Renting out a space in your bed for 900 [Canadian] dollars a month? No wonder so many people hate it here.” ‘But not many people have a choice’ Speaking with CTV News Toronto, Anya said, “I think it shows really how sad it is here. I mean … Continue Reading
A Brampton tenant has racked up $30K in unpaid rent and still won’t leave, landlord says lolita, 25/08/2024 A Brampton landlord says he’s out at least $30,000 — so far — because the tenant at one of his properties has refused to pay rent or move out. Rajan Kanwar says he’s been trying to get the tenant out since May and recover some of his losses, but delays at Ontario’s Landlord and Tenant Board (LTB) have left him with mounting debts and emotionally drained. “It’s upsetting, it’s saddening, it’s a lot of different emotions,” Kanwar told CBC Toronto. “I would like my property back.” Since May, the tenant has paid little or no rent, Kanwar says, leaving him to pay the $9,500 monthly mortgage costs on the property. That’s on top of a $7,500-per-month mortgage on his own family home. The tenant on Scotchmere Crescent hasn’t paid full rent since last spring, according to landlord Rajan Kanwar. The tenant would not speak with CBC Toronto. His legal representative has not responded to calls. (Tina MacKenzie/CBC) He says the amount he’s owed includes both unpaid rent and utilities. The tenant refused to speak with CBC Toronto. His legal representative has not yet responded to requests for comment. Ordered out Kanwar, an IT manager, says he’s filed two applications with … Continue Reading
Will Brisbane property prices keep surging? Here’s what the experts say lolita, 23/08/2024 The rise in Brisbane property prices last month caught many people by surprise, but experts are divided on whether the surge will continue through the rest of the year. CoreLogic says values rose more than 13 per cent in 2023 and lifted a further one per cent in the first month of this year. Regional values rose a tad below nine per cent last year and half a per cent in January. There was a recurring theme as hopeful buyers inspected a recently listed inner-Brisbane apartment on a muggy afternoon this week. Buyers still feel FOMO Phoebe told the ABC the fear of missing out is real. “It’s the competition really that we’re struggling with. There’s not a lot on offer and places are just getting snapped up super quickly,” she said. “Prices are skyrocketing and it’s a race against the clock really to get into the market.” Phoebe says many places sell quickly.(ABC News: Alex Brewster) Another potential buyer added: “It’s frustrating as we see things coming up, and by the time we get to the first inspection, an offer has already been made.” Angus Kizil said he was lucky enough to buy his first home … Continue Reading
Changes to eviction notices put Dubai tenants on alert lolita, 18/08/2024 Eviction notices in Dubai may still apply to tenants when a change of property ownership takes place, rental dispute cases suggest. A recent court decision noted by the Dubai Rental Dispute Center (RDC) concluded an eviction notice was transferable from a property seller to the new buyer. Previously, new owners purchasing properties with a sitting tenant were required to apply for a new 12-month eviction notice, even if a notice had already been served to a tenant via a public notary. This opened the door to a tenant being able to serve, for example, 11 months of an eviction notice, only to have an extra 12-month eviction notice added on if the property was sold to a new buyer. When the buyer is an end user and needs to move in, this is a step in the right direction for those buyers and re-addresses the marketplace balance Mario Volpi, sales director, AX Capital real estate in Dubai But, even though article 25 of law 33 of 2008 on eviction notices remains the same, the way it is interpreted in court has changed so the notice is attached to the property and both parties are protected. Ludmila Yamalova, managing partner at … Continue Reading