Comment on Victoria sees record fall in rental stock as investors leave the state
DavidDoesLemmy@aussie.zone 5 weeks agoCongrats! But the mortgage is just one part of the costs of ownership. Many people spend lots on rates, water, repairs, upgrades, etc.
threeduck@aussie.zone 4 weeks ago
Renters have to pay for their own water. I’ve lived in rentals for 15 years, and never saw a landlord do “upgrades” on my house. Didn’t stop them from upping the prices every opportunity they could. I’ll give you rates and repairs, although if landlords hadn’t scalped all the properties I’m sure people could afford to shop around to buy a better built property.
DavidDoesLemmy@aussie.zone 4 weeks ago
Landlords have to pay for water connection to the property. It works out to around $700 per year.