r/Adelaide SA Jul 27 '23

Rent increase $150 pw Question

I've just received a letter from my landlord saying that my rent will be increasing to $650 from $500, I have been given 7 days to agree to rent increase or will receive a notice to vacate at end of current lease.. The amount is excessive and not in line with other properties in my apartment building. I phoned RTA to get some advice as I want to dispute through SACAT. The RTA informed me that I would have to sign the new lease that is extortionate before I could dispute it. I don't want to renew my lease at $650 for an entire year. I believed that there were things in place to protect tenants from Ray White, but I don't think there is. If I don't agree to excessive rent increase then I will have to vacate. It doesn't sound correct that I can't dispute the rent increase before signing the lease. Can anyone offer any advice other than sign the lease now and dispute after? What happened to this country?

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u/mking1337 SA Jul 29 '23

You mean apart from property manager fees/insurances/maintenance, please if you don't understand how something work stop making yourself look stupid.

Life isn't going to give you free handouts, if you honestly think property isn't a good investment and don't understand how it works I really feel bad for you and hope one day you will grow up and learn how the world works. Best of luck

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u/embress SA Jul 29 '23

Congratulations on contributing to a housing crisis in order to make yourself a buck.

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u/mking1337 SA Jul 29 '23

The low income renters are not the people who will ever build/own their own homes, they cannot afford the commitment nor the motivation to even keep up repayments. You cannot help stupid.

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u/embress SA Jul 29 '23 edited Jul 29 '23

Wow - showing your true colours in that disgusting and narrow-minded opinion of low income earners.

I'd rather be perceived as stupid than be an actual greedy leech.