Credit: <\/span>Simon Schluter<\/cite><\/p>\nRising prices and rampant rental bidding caused Trickey to shift her search further out to Sunshine.<\/p>\n
\u201cI moved into the current place in April after kinda having to give up on finding anything affordable in Footscray,\u201d she said. \u201cI looked around and I kept getting outbid on properties. The agents told us, obviously trying to solicit more rent.\u201d<\/p>\n
Rents rose in almost every suburb of Melbourne analysed, the Domain Rent Report for the September quarter shows, as the supply of rental properties fails to keep up with demand.<\/p>\n
The health professional\u2019s new home is across the road from a train station, which disrupts her sleep. She felt she had little choice.<\/p>\n
\u201cOne house I went to smelt so badly of mould, I could smell it from two metres away.\u201d<\/p>\n
Footscray asking rents for houses jumped 12.3 per cent to $517 per week over the past year, but Sunshine is cheaper and rose less, up 9.1 per cent to $420 per week, and the inner west hasn\u2019t been hit as hard as other parts of the city.<\/p>\n
The biggest rises in asking rents were for Ivanhoe East units, up 43.2 per cent in 12 months to $580 per week.<\/p>\n
It was followed by the once-emptied inner city. Steep jumps were recorded in the Melbourne CBD (up 39.5 per cent to $600 a week), Carlton (up 37.1 per cent to $480), Southbank (up 28.4 per cent to $610) and South Melbourne (up 28.3 per cent to $578).<\/p>\n
The growth in house rents was less pronounced. Despite comparable increases to units in Lower Plenty (up 35.4 per cent to $650) and Werribee South (up 28.8 per cent to $515), the next highest increase in house rents was in Glen Iris where they grew 22.3 per cent to an asking rent of $850 per week.<\/p>\n
Domain chief of research and economics Dr Nicola Powell said unit rents had been under the most pressure once pandemic trends began to reverse.<\/p>\n
\u201cAll the areas that have seen the biggest increases are in that inner to middle ring of Melbourne suburbs,\u201d she said. <\/p>\n
\u201cThose migration trends have almost reversed to where it was pre-pandemic.\u201d<\/p>\n
Hockingstuart Yarraville director Leo Dardha said renters feeling market pressure were trying to be competitive.<\/p>\n
\u201cWe have been seeing unorthodox offers from our tenants, whether it be a large sum of rent up front or it might be a longer lease or a staged lease,\u201d he said.<\/p>\n
\u201cWe are seeing strong demand, especially in the last 12 months. We\u2019ve seen a significant decrease in days on market and increase in the number of people coming to our opens.\u201d<\/p>\n
Better Renting executive director Joel Dignam said situations like Trickey\u2019s were playing out around the city.<\/p>\n
\u201cPeople have less money to live. Particularly, these days it\u2019s pretty tough,\u201d he said. \u201cThere are some people who can afford an extra $30 per week, but some others can\u2019t.<\/p>\n
\u201cIt\u2019s really hard for people to find a place to rent. It often means that sometimes you have to move further out. And sometimes it\u2019s worse, you have to accept a lower standard of property.\u201d<\/p>\n
Dignam welcomed the proposed strengthening of rental protections promised by former premier Daniel Andrews, but said they amounted to tinkering around the edges of a crisis.<\/p>\n
They would include a ban on rental bidding, a ban on landlords increasing rent until 12 months after an eviction, and extending the amount of notice given for some evictions.<\/p>\n
Trickey welcomed these proposed changes, but was sceptical they would be enforced.<\/p>\n
\u201c[Real estate agents] have no accountability to anybody. They are just ripping people off left right and centre,\u201d she said. \u201cThey can solicit bidding, they can do whatever they want. They can actively discriminate.<\/p>\n
\u201cUnless there\u2019s accountability of agents, nothing\u2019s going to change.\u201d<\/p>\n
Real Estate Institute of Victoria chief executive Quentin Kilian disagreed that agents needed to be held more accountable, and instead said increasing the supply of rental would alleviate conflict in the rental market.<\/p>\n
He agreed the sector was in dire straits, which led to poor outcomes for tenants and landlords.<\/p>\n
\u201cCrisis is a good word to use, it\u2019s not one that\u2019s suddenly exploded, but it\u2019s been building for decades,\u201d he said. \u201cNot only this government but those around the country have undersupplied public housing for decades.<\/p>\n
\u201cThat\u2019s pushed everybody into the private rental market, and that\u2019s a finite number.\u201d<\/p>\n
Most Viewed in Property<\/h2>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Save articles for later Add articles to your saved list and come back to them any time. Key points Unit rents rose the most in Ivanhoe East and the CBD.\u00a0 Asking rents fell the most in Sorrento, for houses, and Ashburton, for units.\u00a0 Experts say the crisis shows little prospect of abating.\u00a0 Property listings Natasha Trickey had to move out […]<\/p>\n","protected":false},"author":2,"featured_media":68143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n
Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com\" \/>\n<meta property=\"og:description\" content=\"Save articles for later Add articles to your saved list and come back to them any time. Key points Unit rents rose the most in Ivanhoe East and the CBD.\u00a0 Asking rents fell the most in Sorrento, for houses, and Ashburton, for units.\u00a0 Experts say the crisis shows little prospect of abating.\u00a0 Property listings Natasha Trickey had to move out [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/\" \/>\n<meta property=\"og:site_name\" content=\"Hotcelebon.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T18:17:23+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/hotcelebon.com\/wp-content\/uploads\/2023\/10\/Cold-air-in-Natashas-old-home-gave-her-sores.-In-her-new-home-she-cant-sleep.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/\",\"url\":\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/\",\"name\":\"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com\",\"isPartOf\":{\"@id\":\"https:\/\/hotcelebon.com\/#website\"},\"datePublished\":\"2023-10-06T18:17:23+00:00\",\"dateModified\":\"2023-10-06T18:17:23+00:00\",\"author\":{\"@id\":\"https:\/\/hotcelebon.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\"},\"breadcrumb\":{\"@id\":\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/hotcelebon.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lifestyle\",\"item\":\"https:\/\/hotcelebon.com\/category\/lifestyle\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hotcelebon.com\/#website\",\"url\":\"https:\/\/hotcelebon.com\/\",\"name\":\"Hotcelebon.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/hotcelebon.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/hotcelebon.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hotcelebon.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/","og_locale":"en_US","og_type":"article","og_title":"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com","og_description":"Save articles for later Add articles to your saved list and come back to them any time. Key points Unit rents rose the most in Ivanhoe East and the CBD.\u00a0 Asking rents fell the most in Sorrento, for houses, and Ashburton, for units.\u00a0 Experts say the crisis shows little prospect of abating.\u00a0 Property listings Natasha Trickey had to move out [...]","og_url":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/","og_site_name":"Hotcelebon.com","article_published_time":"2023-10-06T18:17:23+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/hotcelebon.com\/wp-content\/uploads\/2023\/10\/Cold-air-in-Natashas-old-home-gave-her-sores.-In-her-new-home-she-cant-sleep.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/","url":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/","name":"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep - Hotcelebon.com","isPartOf":{"@id":"https:\/\/hotcelebon.com\/#website"},"datePublished":"2023-10-06T18:17:23+00:00","dateModified":"2023-10-06T18:17:23+00:00","author":{"@id":"https:\/\/hotcelebon.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609"},"breadcrumb":{"@id":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/hotcelebon.com\/lifestyle\/cold-air-in-natashas-old-home-gave-her-sores-in-her-new-home-she-cant-sleep\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/hotcelebon.com\/"},{"@type":"ListItem","position":2,"name":"Lifestyle","item":"https:\/\/hotcelebon.com\/category\/lifestyle\/"},{"@type":"ListItem","position":3,"name":"Cold air in Natasha\u2019s old home gave her sores. In her new home, she can\u2019t sleep"}]},{"@type":"WebSite","@id":"https:\/\/hotcelebon.com\/#website","url":"https:\/\/hotcelebon.com\/","name":"Hotcelebon.com","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/hotcelebon.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/hotcelebon.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hotcelebon.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d7cef2e0d8d634cb49d54f7c48b549a1?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/posts\/68144"}],"collection":[{"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/comments?post=68144"}],"version-history":[{"count":0,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/posts\/68144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/media\/68143"}],"wp:attachment":[{"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/media?parent=68144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/categories?post=68144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotcelebon.com\/wp-json\/wp\/v2\/tags?post=68144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n