Friday, April 27, 2007

The Rental War

This is some what of a random topic to be honest... But there is a rental war happening in Sydney people and its getting pretty bad.
I live in a nice modern 2 bedroomed apartment 20 minutes out of Sydney. My rent has just been put up... Which i find annoying. I've been living in Sydney for 4 years now and not once has a rental property that I've lived in ever had the rent put up. Its annoying because I pay so much already.
So I ended up talking to a friend of mind regarding this last weekend - she said that another of her friends that I know of has just moved out of her one bedroomed place and when she had people looking at the place the people were in bidding wars for a rental property.
People were giving deposits right then and there... They were saying that they don't mind if they pay more rent then is offered to have the place secured to them. In the end the person that took over that one bedroomed place is paying $150 extra a week... not a month people... A week.

I'm staying put with this place at the moment... I'm just going to pay my $40 a week extra and think that I've got the better end of the deal.

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