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A tenants’ advocate has hit out at a real estate agent that bragged of clinching a deal for a landlord that saw a renter pay an extra $90 a week.
The post from the Brisbane agency described the agreement as ‘a genuine win-win’ for both parties.
Bees Nees City Realty boasted it had negotiated the rise in the rent paid by the tenants, who had been in the house since 2016.
It comes as Brisbane renters face a grim reality with a Domain rent report revealing house rents increasing – the steepest in the city’s history – by 14.9 per cent, or $65, in the year leading up to March.
Tenants Queensland CEO Penny Carr blasted the social media post, saying it was ‘insensitive’ for Bees Nees City Realty to say it was a ‘win-win’ situation as the city’s tenants struggle with limited vacancies and inflated rents
The post bragged that the owners of a house (pictured) got a rent increase of $90-a-week without changing their tenants, as Brisbane’s rent hikes prove a boon for landlords but not so much for the city’s renters
Unit prices were not far behind, with a 7.5 per cent annual increase.
The now-deleted post said the owners got a rent increase without changing their tenants, an idea that is a boon for landlords but not so much for the city’s hapless renters.
Tenants Queensland CEO Penny Carr rejected the idea a tenant would be happy about such a ‘massive rent increase’.
‘I think they’re living in a parallel universe to the one I’m living in, because I don’t know of any tenants who think that a $90 a week rent increase is a happy outcome.’ Ms Carr told Daily Mail Australia.
‘It is very insensitive for an agency to say this is a win-win situation for all parties.’
Low stock, Covid-affected housing development and high levels of migration from other states have been blamed for adding to the city’s rental woes, and insiders say there’s more to come.
‘These are rental dynamics Brisbane hasn’t seen for a long time,’ Domain’s chief of economics and research Dr Nicola Powell said.
‘I think there’s a variety of different things going on; when you look at the latest population statistics – we have the highest growth of all the states and the driver of that growth has been interstate migration.’
‘Then, when you look at the vacancy rate being so tight, rents are only going to continue to rise. It’s very much a landlord’s market and there’s just no choice for tenants.’
Low stock, Covid-affected housing development and high levels of migration from other states have been blamed for adding to Brisbane’s rental woes, and insiders say there’s more to come.
Ms Carr said renters don’t have a lot of flexibility because of the city’s tight market for vacancies and tenants have been forced to keep their heads down.
‘We are seeing lots and lots of rent increases, probably most typically between $30-60 a week, but we have certainly seen some with this [$90] amount as well.’
‘So many people don’t want to express or act on their rights, or put their head up because they are just too worried about being evicted in this market,’ Ms Carr said.
She advised the best thing for renters to do if they receive an exorbitant rent increase is to seek free advice from Tenants Queensland and become as informed as they possibly can.
She also advocated for tighter tenancy laws, and for social housing to become more available.
Bees Nees City Realty was contacted for comment by Daily Mail Australia.
Source: Daily Mail