Rental affordability continues to be a major issue in Victoria and across Australia. 38% of private renters are paying over 30% of their incomes in rent and 76% of low income renters are in rental stress.
Even once you have secured a tenancy there is no relief from the continuing rental climb. Your landlord can increase your rent as often as twice a year, and there is very little regulating by how much it can be increased. The possibility for frequent and unpredictable rent increases makes it difficult for tenants to budget and plan, and contributes to an insecure private rental market.
We can learn from what they do in Germany where rents are set in a way that provides stability, reliability and affordability for tenants, whilst still giving landlords a steady income stream. The Tenants Union of Victoria believes this system could also work in Victoria.
For example, in Germany:
This soft, market driven regulation has an effect of slowing down an otherwise out-of-control rental market and balances the rights of landlords and tenants. It also creates a more stable and secure environment for both landlords and tenants.
Have you suffered because of rental affordability issues? Or have you had your rent increased too often or by too much?
Case studies about your experiences can help us to campaign for better tenancy laws and practices. We have lots of statistics based on our research and our advice work but your stories can add a strong ‘human’ voice to our evidence base. This can be very powerful when we are talking to politicians or the media about the issues that tenants face. It can also provide good examples of real problems when we are writing submissions or newsletters.
We will never use your story in a way that could identify you unless you specifically give us your consent. Tell us your story.
You can tell the Government that they should make rents fairer for everyone.
Right now the Victorian Government is reviewing the key renting legislation that affects your rights and responsibilities as a tenant (Residential Tenancies Act 1997). This means that now is the perfect time to have your say. You can help us make a difference for all people renting in Victoria by adding your voice in support.
Send an email via the form below. You can add to our message or write your own.
I want fairer more predictable rent
To the Residential Tenancies Act review,
Rental affordability continues to be a major issue in Victoria with 38% of private renters paying over 30% of their income in rent. With few safeguards in place to protect tenants from frequent and high rent increases, Victoria’s private rental market is an insecure place to live.
The German system for rent regulation provides stability, reliability and affordability to tenants, whilst still giving landlords a steady income stream. Germany’s rental sector continues to thrive under this system, and I think that Victoria’s could too.
I urge you to seriously consider implementing the German model for rent regulation in Victoria.