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.
When Sam Atukorala addresses his children in his mother tongue of Sinhalese, they understand him completely, but they always reply in English.
Mulwala’s own motor racing sensation Steve ‘Harro’ Harrison has won the 2014 Victorian Super Tin Tops Championship.
St Augustines College, Kyabram, has won the inaugural School’s Sustainability Cup for 2014, beating several Melbourne schools.
The Shire of Campaspe is concerned as to the incomplete reporting of Port of Echuca property matters.
Four people, including a father and his two children, were fined more than $18,000 for their role in an alcohol-fuelled brawl at a Lockington party earlier this year which ended in a teenager beaten up and forced into a dog cage.
New faces for Girgarre FNC
A time to include late loved ones in the spirit of the season.
Firefighters were able to save a Finley property's buildings after a large stack of hay bales went up in flames on Monday.
Eppalock Primary School has gone global.
Scout Group hopes to raise funds for World Scout Jamboree through novel 24-hour endurance test.
Forest tour only way to understand impact.
Fodder depots have been set up in Euroa and Thoona for farmers hit by the recent fires.
The rail tracks are in such disrepear V/Line is having to close the buffet car between Euroa and Seymour due to health and safety concerns to hospitality staff.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
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.