Greedy Landlords get their comeuppance!
Well well well…. you may all remember the reason that we moved a month ago was the rent was going up to a price that we felt was unreasonable for the property that we lived in. The rent increase for us was to be only $23 per week and we balked at that.
Well it looks like we were not alone. When the property first went on the market it was at $70p/w more than we were paying and after 2 weeks it came down to only $60p/w more than we were paying… now another 2 weeks later is has come down again to $50p/w more than we were paying and still no tenant. Now the house has been empty for a month they are nearly at the point of losing more money for this year than they would have got if they left the rent as it. More so as if it takes another open inspection and say at least a week after that before someone moves in and starts paying rent that is taking the property to being empty to nearly 6 weeks.
So there is hope for those in the rental market that a tiny property that is over valued by a greedy landlord is nothing more than that and if you are looking you can take your time to find something that is what you want.
I’ll let you know if it gets any cheaper.
P.S I tagged this funny cause to me it damned well is as we enjoy the use of the dishwasher and the central heating in our NEW house that is twice the size.
I regret nothing – has even been worth all the problems with Telstra and the new phone line – just to watch the greedy old landlords miss out.