Prospective tenants are feeling the effects of a rental shortage in the region.RENEE THOMPSON February 28, 2014 4:13am
We spoke to renters, real estate agents and a landlord to take the temperature of the local rental market after a report on rental affordability and availability showed there was a tightening across regional Victoria.
A tightening rental market: report
A new Tenants Union of Victoria report on rental affordability and availability rates, released on Monday, said rental affordability was less critical in regional cities but found the regional vacancy rate for private rentals was only 2.7 per cent — lower than the metropolitan rate.
The report said the lower regional vacancy rate represented a ‘‘tighter, more competitive market’’ and demonstrated ‘‘the greater difficulty for low-income households to secure affordable housing’’.
Expensive, hard to come by: renters
Single mum Natalie* and her three children have been forced into living week-to-week at a Moama resort since the start of the year while they try to find a place to rent.
‘‘If we didn’t have that, we’d be facing relocation or homelessness,’’ she said.
Natalie said the fact she had to consider relocating somewhere else was not good for the town either.
‘‘For local sustainability, we need people to stay in this town,’’ she said.
‘‘I don’t see expensive investment properties with high rents as sustainable.’’
*Not real name
High demand, low supply: real estate agents
Real estate agents across Echuca-Moama overwhelmingly agree it is a tough time for prospective tenants trying to find a suitable place to rent.
Elders property manager Nataleigh Percy said demand for houses was strong.
‘‘We’re seeing 20-plus applications for three bedroom houses,’’ she said.
‘‘Also, because we’re a popular tourist spot, people are coming here and love it, decide to make a tree change then want to rent for a while before buying.’’
Good tenants: landlord
Echuca-Moama landlord Handel Aubrey said finding good tenants in the current rental market was easy.
‘‘If you get a reputable real estate agent they do the work and recommend good tenants,’’ he said.
‘‘Every property has a market value and that reflects what the rental should be.’’
Full stories in today’s Riverine Herald.
Organisers of the Challenge Shepparton triathlon will donate half the entry fees from entrants in the ‘community team challenge’ to the Community Fund Goulburn Valley.
Jake Thompson has an eagle eye and a steady hand and he put both to good use recently when he won the U15 Australian Snooker Championships, held in Adelaide.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
THIS year’s Winter Blues Festival is just around the corner — kicking off for the first time on a Thursday at the Star Hotel, American Hotel and Antonio’s on the Port.
ROCHESTER went sugar free for the day on Thursday for National Diabetes Week, with the inaugural Great Sugar Free Bake Off.
Elle Groves will achieve a remarkable milestone this week, in what is already a remarkable A grade netball career with Kyabram, when she steps onto the court on Saturday for her 100th game.
Local export Willie Wheeler dominating at VFL level
Berrigan Shire councillor Daryll Morris says he has been sickened by some of the vitriol and personal attacks to surface since the council’s proposal to redevelop Finley’s Memorial Hall and School of Arts site was revealed in October last year.
ONCE in a while some people are lucky enough to stumble across their destiny.
Moira Shire welcomed 25 new citizens on Thursday as people from across the world chose to make Australia their home.
Mathoura endured a harsh hammering to its playing confidence on Saturday with a 24-goal thrashing at the hands of Deniliquin Rovers.
SPC will abolish its internal sales team and reduce executive numbers in the latest chapter of the company’s ongoing restructuring.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.