For the landlord, Alice Springs offers one of the best deals in Australia with a high return on relatively cheap properties.
But this is one of the worst cases for renting r.
The cost of renting a house in the iconic inland town is comparable to that of Sydney, making it difficult for many tenants to find an affordable house and skip the town altogether --
Or become homeless.
Liz Fitzgerald, a health professional, moved to Alice Springs earlier this year from Edgecliff, a suburb of Sydney.
She said she was shocked by the price and condition of the rental property in town, saying it was "the worst rental deal in Australia" and that the landlord had full authority.
"I think when you move to the country you have the space and the big backyard and you get something that's worth the money, but you can't get something that's worth the money here, "You have to do what you can," she said. ".
Like many others, she said, it was difficult for her to find a affordable accommodation in good condition.
"I have a friend who pays $300 a week for a grandma apartment, a room with a bathroom and sink . . . . . . She would be happy to pay for it because it is in a safe place she needs to stay, "said MS fitzgerrard.
"This is a total tear. off.
"Compared to the provincial capital cities across the country, Alice Springs has the highest rate of return on rent, which means that the landlord's rate of return on rent is higher than the value of the property.
On average, Alice Springs has the same rent as Sydney's, but the cost of buying a house is half the price. and falling.
In Alice Springs, the value of the house dropped by nearly 12 percentage points in June, and the unit cost dropped by nearly 16 percentage points, while the rent rose to 5 percentage points.
However, he objected to the claim that the red center's rental r had obtained the original transaction, saying that the rental rate of return did not consider the cost of maintaining the property or mortgage repayment.
"The rate of return itself does not really have an impact on renting r," he said . ".
"Renting the rent that r is going to pay depends entirely on how much inventory is available in the market, so how much the landlord is able to charge for the property;
It will also return to the quality of the hotel.
"The balance is very beneficial to the tenants;
Over the past 12 months, many landlords have been suffering significant losses and have been unable to even recover mortgages in rent.
"The latest REINT report shows that the vacancy rate has dropped to 4.
The price in Alice Springs is 2 cents.
As the supply of rental properties becomes increasingly tight, renting grandma apartments has become a common practice, with some homeowners charging up to $400 a week for furniture
Bedroom unit in their backyard.
Reports also say
Be rent r offers a price above the asking price to obtain the leased property or negotiate a deal with the landlord before the vacant property is announced.
Sally Langton, CEO of affordable housing in central Australia, said Alice Springs's rental affordability is approaching a crisis point, adding to the region's homeless crisis.
She said those who had less relationship with Alice Springs just left the town.
Working families often can't afford a house, she says, but are looking for apartments or townhouses.
"For people with extremely low incomes like Centrelink, they are just completely squeezed out of the market," MS Lanton said . ".
"With the development of this community, people have nowhere to go.
"When Marcus Hartman retired four years ago, he couldn't afford to pay another $300 a week for a submarine.
But can't find a cheaper option.
He turned to an ordinary house.
When the owner goes out in exchange for a free rent, sit there and look after people's houses and pets for a few weeks.
"The last place I rented was a grandma apartment on Gap Road, for which I paid $300 a week;
This is a bedroom in the house and I have to pay for electricity and gas in addition to that, "he said. "[I paid]
$1200 a month, this is the pension I get, so I'm always a little short no matter what I do, work or not.
Killian said that the price of the rent was based on the basic supply and demand and the condition of the property.
"You see a reduction in supply, and simple economics will tell you that when your supply goes down, but demand goes up, you increase the cost of rent," Mr Killian said . ".
"The rental price depends entirely on how much stock is available in the market, so how much can the landlord charge for the property.
MS Langton says more needs to be done to address the "homeless crisis" in the north.
"There hasn't been much development in the past few years, so as demand grows, our supply actually stays the same," she said . ".
"If you want to grow the economy here, if you want to grow as a regional town, you need to have a good supply of housing to attract and retain people in the community.
Theme: housing, house-and-home,housing-industry,alice-springs-