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The Latest Breaking News from Leo Patterson Ross

A quarter of Australia’s property investments held by 1% of taxpayers, data reveals

Exclusive: Taxation office figures also show a clear majority of those investors are over the age of 50

The Guardian - AU

‘The market never lies’: real estate industry calls for NSW to drop proposed ban on secret rent bidding

Real Estate Institute of NSW warns of ‘adverse outcomes’ amid fears that rental auctions would drive up prices further

The Guardian - AU

Real estate agents accused of relisting properties at higher prices as rents rise by more than $500 in some suburbs

‘Owners and the agents are realising that they can increase the rent very rapidly’, says tenants’ advocate

The Guardian - AU

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Behind the scenes of Australia's rental crisis: How decisions are made by landlords and property managers about what you pay

Property managers are often the only contact point renters have for their landlords, and agents must act in the best interests of their client. As the rental crisis continues, we take a look at who's pulling the strings.

ABC News

Rent increases are skyrocketing, but negotiations are still happening. Here's how people are doing it

If a rent increase is on the cards, here's how you can get on top of it without straining your relationship with the landlord.

ABC News

Jenai quit her Melbourne flat because the mould was so bad – then it was relisted for $60 a week more

Australian tenants who are evicted or leave unsatisfactory properties are increasingly finding the homes go back on the market at a higher asking price

The Guardian - AU

‘Pouring fuel on the fire’: fear NSW’s move to ban secret rental bidding will drive prices up

Proposal would force agents to disclose higher offers to other prospective tenants, resulting in ‘rental auctions’, says advocate

The Guardian - AU

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Rent freezes off the table in NSW as new government focuses on bonds and bidding

The New South Wales government is prioritising changes to the rental bond system and secret bidding as parliament resumes this week, but that is not the relief many tenants are desperate for.

ABC News

Rent in Australian capital cities climbs record 11.7% in 12 months

Combined rent in the capitals increased 11.7%, with relief for tenants ‘unlikely’ in the short term as demand continues to outstrip supply

The Guardian - AU

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation

The premier says there's "no excuse" for the Greenacre listing but the agent says demand has been high for the uninhabitable home that requires a tenant to pay for a full renovation.

ABC News

Renters relying on hacks to dodge housing crisis, as advocates call for cultural change

Experts say a major cultural and legal shift is needed to fix the ongoing housing crisis in big cities like Sydney, as renters turn to short-term "hacks".

ABC News

It's touted as one solution to Australia's housing crisis, but what is build-to-rent? And can it live up to the hype?

Is it possible to have affordable housing and good rental conditions in Australia? It has to be something embedded by design, housing researchers say.

ABC News

Rental inspections outsourced amid ‘brutal’ market conditions

Desperate Aussies are turning to outside help to make it to as many rental inspections as they can and increase their shot at finding a home.

The New Daily

‘Web of lies’: how scammers are taking advantage of Australia’s tight rental market

The ACCC received more than 658 reports about rental and accommodation scams last year, with a reported loss of $544,846

The Guardian - AU

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The Guardian - AU

Sydney renter hit by 35% hike as housing crisis sparks calls to cap increases

Tenants’ Union says some form of rent control is needed to alleviate pressure during a ‘nasty’ time in the market

ABC News

Family 'priced out' of south-west Sydney rental market, as finding affordable homes 'near-impossible'

Finding an affordable rental is a "near-impossible feat", Mission Australia says. Just ask Linda Thompson, who's living in a caravan with her family after losing her rented home of 16 years.

The Guardian - AU

Not cool: push for insulation in all Australian rental homes as study shows dangerous heat levels

People in social housing often face hottest conditions and struggle to pay for air conditioning, advocates say

Pedestrian.tv

TikTokers Are Revealing The Abject Chaos Of Finding A Place In The Sydney Rental Market RN

God, it's brutal out here.

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A New Rental Affordability Report Has Found Sydney Isn’t The Worst City To Rent So We’re All Fkd

The rental affordability report found Hobart — no, not Sydney — was Australia's least-affordable city to be a renter in 2022.

ABC News

The rental squeeze is tightening. And these Australians say there's no escape

Huge crowds at inspections, bidding wars, rent increases and eviction notices. Experts say not since The Great Depression has it been this hard to rent in Australia.

AAP

Housing needed for NSW flood-impacted

Flooding in northern NSW has displaced low-income renters, while others have been left to live in homes that need repairs, a report has found.

ABC News

Coffs Harbour public housing tenant says walls leak, Mission Australia denies 'major' water damage

A Coffs Harbour public housing tenant says she has been living out of her lounge room for months after torrential rain breached the roof of her home.

The Guardian - AU

‘Don’t Rent Me’: the online tenants’ group for swapping horror stories, advice and frustrations

Founders of the group say members ‘don’t feel so alone’ as unaccountable landlords and the rental crisis put pressure on tenants

AAP

Labor promises 'fairer' NSW rental market

NSW Labor is promising an end to tenants being evicted without reasonable grounds and allowing flexibility in moving rental bonds to ease cost of living.

The New Daily

Landlords v renters: Who’s on the hook for flood damage costs?

Many homes around Australia have been drenched by floods this year, and sorting out who's paying for the flood damage can get a bit confusing.

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