Victorian rental crisis deeper as thousands of houses disappear – realestate.com.au

Victorian government policy and taxes have been accused of a landlord exit that released the state data released this week that they could have wipe out nearly 17,000 rental homes.

The last houses Victoria Rental Report, with regard to rental statistics until the end of March this year, shows that the State has registered a reduction of 2.5 percent in the list of residential rental properties of the authority of active bonds up to 654.999 in the last 12 months.

It comes down to a stunning 16,794 reduction of bonds, although the report also indicates that not all lease contracts have been collected – so it is likely that the reduction of rental properties will not be as serious as indicated at the moment.

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The report also showed that the rental prices are becoming more expensive and about $ 21 a week in Melbourne will rise to $ 585 in the past year.

In Regional Victoria, the typical tenant who has signed a lease agreement since 30 March will pay $ 27 more a week than a year ago.

The only spark of hope for tenants was a marginal improvement in the vacancy of Melbourne, which has risen to 2.6 percent of 2.2 percent a year ago.

Real Estate Institute of Victoria acting Chief Executive Jacob Caine said that an investor Exodus was a product of legal changes, tax increases and “general distribution of rental providers”.

Reiv Acting Chief Executive Jacob Cain said that an increasing number of people who lived in one house was the only reason that homelessness was not “of the charts”.

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“The reason that it is not absolutely catastrophic with homelessness of the charts is that we see the household sizes increasing,” said Mr Caine.

“So we now see two couples in an apartment with two bedrooms; and where three people rent a house with three bedrooms, now it is up to six people.”

He added that raising the rent was the only way for many landlords to cope with extra costs imposed by government tax and regulations that have been increased in recent years.

Mr Caine said that although there had been recent signs of rising interstate investor activity in Melbourne this year, “losing properties from the ecosystem at a time when the rental population grows, can only be considered as a disaster”.

Jennifer Beveridge, CEO of Tenants Victoria, said that the rising rental costs were “worrying” at a time when tenants had already had significant increases.

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Tenants Victoria -Chief Executive Jennifer Beveridge said that further rent increases were “worrying”, considering considerable previous increases.

“Tenants are looking for tenants and the Victorian government for a long -awaited lighting,” said Mrs. Beveridge.

“Going too much without essence such as heating, supplies for children or even groceries. The Victorian government must do something to moderate rent increases and inject honesty into the system.”

She added that the vacancy rates at “unhealthy lows” remained and there were fewer than 100 houses in Melbourne that a single parent on job seeker could afford today.

Agent of the buyer and Pipa Victorian director Cate Bakos said that Interstate investors were one of the few groups that currently wanted to offer tenants.

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Real estate professionals from the Victorian director of Australia, Cate Bakos, said that the decline showed that the government had to revise some of its “ridiculous” policy measures and changed his negative language around investors.

Mrs Bakos said, however, that she believed that it was probably an increase in investors between states, who were now 70 percent of its customers, the course of loss of rental properties had been delayed since March.

“Many of them say they understand the land tax, but they see the value proposition are heavier than the risk,” she said.

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