Tag: rent my home

Anthony Albanese six-figure rental income sparks controversy amid housing crisis

Landlord Anthony Albanese is under fire over the $115,000-a-year in rental income he is pulling on top of his salary as Prime Minister, as interest rates soar for struggling families.

Greens housing spokesman Max Chandler-Mather has taken aim at Anthony Albanese for owning investment properties as he stepped up his campaign to scrap negative gearing laws.

After growing up in public housing, the Prime Minister is now renting out two Sydney homes including a mortgage-free federation bungalow with a pool while he lives rent-free at the Lodge.

“Let’s be real, if Labor wants to deal with housing affordability then it’s time to phase out the billions of dollars in tax concessions property investors get every year in the form of negative gearing and capital gains tax concessions,” Mr Chandler-Mather said.

“We could be investing that money in building public housing but instead it is going to people like the Prime Minister with his three investment properties.”

He went on to question why Australia has a “property investor as a prime minister” during the “worst housing crisis we’ve seen in a generation”, accusing Mr Albanese of fighting to protect negative gearing and capital gains tax concessions.

“And I think what they’ve

Sydney rents reach record highs as units jump $130 per week over a year

She said the rental market was tight because of strong demand from locals priced out of buying, an increase in single-person households, surging migration and an inelastic and ongoing shortfall of rental properties.

Impact Economics and Policy lead economist Dr Angela Jackson said a fundamental lack of available rental properties was the cause of record rents in Sydney.

“Overall it’s driven by low vacancy rates. “What that means is there aren’t enough properties and there’s too much competition and that’s driving higher rents across the board,” Jackson said.

She said the city will be unable to house critical workers.

“For those on low incomes, and probably even middle incomes, [it will mean] increasing levels of financial stress and not being able to afford other things, including health, food and education,” Jackson said.

Other experts have warned the rental crisis will lead to increasing inequality and homelessness.

“It’s causing widespread financial stress at the moment and economic hardship and undermining economic growth,” Jackson said.

Justin Wilkes and his partner applied for multiple rental properties on the northern beaches, where unit rents jumped 3.6 per cent in the past quarter to $725, but never heard back. It was only when the 35-year-old

Ottawa real estate: Tenants refuse to leave Glebe home that’s already been sold

The last few weeks have been a nightmare for Patrick Lecours. He has a deal in place to sell his home in the Glebe, but the tenants renting the property refuse to leave.

“They were supposed to leave by October 31,” said Lecours. He says he’s followed all of the rules set out by the Landlord and Tenant Act, giving the current renters more than 60 days notice. He also went further offering them thousands of dollars to leave.

“We offered cash for keys. We offered $10,000 and a moving truck and they more or less said make it a real offer,” he said.

CTV News attempted to contact the tenants. They directed us to their paralegal, who did not get back to CTV News Ottawa in time for publication.

Now, Lecours’s only option is the Landlord and Tenant Board, but he can’t get a hearing until April 2024.

“That doesn’t surprise me,” said John Dickie with the Eastern Ontario Landlord Organization chair. “The board is very backed up; people are waiting six to eight months for a hearing.”

For Lecours, the costs keep adding up. He cut the price to the buyers by $15,000 so they didn’t walk away