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Can I challenge a 20 percent rent rise?

Discussion in 'Real Estate' started by Billv, 31st Aug, 2010.

  1. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Can I challenge a 20 per cent rise?
    IMO its not unreasonale to put up the rent by 20% in 1 go.
    Often the determining factor is what other people are paying for comparable properties in the area.

    More here
    http://news.domain.com.au/domain/ho...llenge-a-20-per-cent-rise-20100827-13vhr.html
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Yes, although the response from the tribunal will tend to vary by state ... in my experience, they will look at comparable rents for the area and if the new rent is inline with everything else, then they will support the rent rise. That being said, 20% in one hit is a big jump and I think it is reasonable to request a series of smaller increases instead.