Article 68GNH Sydney renter hit by 35% hike as housing crisis sparks calls to cap increases

Sydney renter hit by 35% hike as housing crisis sparks calls to cap increases

by
Mostafa Rachwani
from World news | The Guardian on (#68GNH)

Tenants' Union says some form of rent control is needed to alleviate pressure during a nasty' time in the market

Millie Bannister was already anxious about how much the rental market had skyrocketed in Sydney when she received a letter from her landlord saying they wanted to increase her rent by 35%.

Last time, it only increased by $60, but now it's going to increase by $270 a week, which is a 35% increase, and around $12,000 per year. For me and my roommate, two people in their mid-20s, it is not [easy] to wrangle with."

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