{"id":68753,"date":"2023-09-03T22:21:11","date_gmt":"2023-09-03T22:21:11","guid":{"rendered":"https:\/\/geels.net\/?p=68753"},"modified":"2023-09-03T22:21:11","modified_gmt":"2023-09-03T22:21:11","slug":"rick-cant-find-a-rental-near-work-so-hes-commuting-six-hours-a-day","status":"publish","type":"post","link":"https:\/\/geels.net\/beauty\/rick-cant-find-a-rental-near-work-so-hes-commuting-six-hours-a-day\/","title":{"rendered":"Rick can\u2019t find a rental near work, so he\u2019s commuting six hours a day"},"content":{"rendered":"<h3>Save articles for later<\/h3>\n<p>Add articles to your saved list and come back to them any time.<\/p>\n<h3>Key points<\/h3>\n<ul>\n<li>Rick Gned has been looking for a rental without luck.\u00a0<\/li>\n<li>He\u2019s now considering offering six months rent in advance to secure a rental property.<\/li>\n<li>Tenants are finding they need a competitive edge, offering more rent or rent in advance to ensure they can find somewhere to live.<\/li>\n<\/ul>\n<h2>Property listings<\/h2>\n<p>Rick Gned has applied for about 50 rental properties in Melbourne and has been rejected from all of them.<\/p>\n<p>After being forced to leave his Carnegie rental late last year, the 50-year-old moved in with family in Gippsland and commutes about six hours a day to his job in professional administration in Melbourne\u2019s inner east.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.092%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/97aef143e280325aa588fd60f8b11f96b27a450a\" height=\"390\" width=\"584\"><\/p>\n<p><span>Rick Gned is on the train during his long commute to work.<\/span><cite class=\"ojLwA\"><span>Credit: <\/span>Joe Armao<\/cite><\/p>\n<p>He is considering offering six months\u2019 rent in advance to secure a home closer to work.<\/p>\n<p>Gned is among the Melbourne tenants who feel they have little choice but to offer to pay rent in advance to lift their application to the top of the pile.<\/p>\n<p>Some have been paying up to 12 months in advance as Melbourne\u2019s rental vacancy rate languishes at a tight 1 per cent, according to Domain data. A healthier vacancy rate would be about 3 per cent.<\/p>\n<p>Melbourne\u2019s median unit asking rent soared 22 per cent to $500 a week over the year to June, while house rents rose 13 per cent to a median $520 as household sizes fell amid the work-from-home shift, immigration picked up, and new building activity did not keep pace.<\/p>\n<p>It\u2019s generally illegal for landlords to ask for more than one month\u2019s rent in advance in Victoria, but not for tenants to offer it, experts say, leaving renters like Gned stuck.<\/p>\n<p>\u201cI am getting up early, getting home late and just falling into bed to sleep and doing a house search on top of that,\u201d Gned said. <\/p>\n<p>\u201cUntil I find a place in Melbourne I\u2019m pretty much commuting six hours for my job.<\/p>\n<p>\u201cThere\u2019s no work in Gippsland I can find at the moment, everything is in Melbourne, so I have to commute.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.092%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/f7fe64a7ba96bc7ed19e6021e67c4ad99cabff38\" height=\"390\" width=\"584\"><\/p>\n<p><span>Gned feels he has to offer advance rental payments to lift his application to the top of the pile.<\/span><cite class=\"ojLwA\"><span>Credit: <\/span>Joe Armao<\/cite><\/p>\n<p>Gilly McInnes has already offered six months rent in advance on behalf of her son and his girlfriend for a rental in Ferntree Gully.<\/p>\n<p>Her son is on a disability pension, his girlfriend is on Newstart. They have always been able to pay the rent.<\/p>\n<p>The couple received a notice to vacate their Box Hill rental and applied unsuccessfully for 40 rental properties.<\/p>\n<p>McInnes, who is retired, and her husband Rod, who is still working, tried to help by putting their name on the applications. It didn\u2019t work.<\/p>\n<p> \u201cSomebody had said to me, \u2018oh I know a friend who said they\u2019d pay the rent some time in advance\u2019 and I just said to Rod \u2018what can we do? Can we pay six months in advance for them?\u2019<\/p>\n<p>\u201cWe\u2019re now down to our bare bones, but we offered it,\u201d she said. \u201cA few hours later, suddenly friends were getting calls for references and all that sort of stuff, and they [agents] had rung to say they had got the property.\u201d<\/p>\n<p>Samma Real Estate\u2019s leasing consultant Paula Tran said competition for rental properties in the inner city and inner east was driving tenants to offer six months rent up front to stand out.<\/p>\n<p>\u201cSome people are willing to offer more rent, or six months in advance and the landlords usually say \u2018yeah\u2019,\u201d Tran said.<\/p>\n<p>\u201cQuite a lot of people turn up to opens, young people who already live in the area but the owners are selling their current rentals.\u201d <\/p>\n<p>Tenants Victoria lead community education lawyer Ben Cording had heard instances of tenants offering up to 12 months\u2019 rent in advance.<\/p>\n<p>Problems arose if they had to break the lease early, as they were not always being paid back the extra rent in a timely manner.<\/p>\n<p>\u201cIf you break your lease a few months in, after paying 12 months in advance, the real estate agency is just sitting with that money in their trust account getting interest \u2013 it\u2019s outrageous,\u201d Cording said.<\/p>\n<p> \u201cIt\u2019s a landlord\u2019s market, so that means these laws are really easy to subvert because it\u2019s not the rental provider or agent that\u2019s soliciting or making the offer, it\u2019s the renters going: \u2018I need a competitive edge\u2019,\u201d Cording said.<\/p>\n<p>He said the loophole could be fixed by amendments to the law.<\/p>\n<p>Real Estate Institute of Victoria chief executive officer Quentin Kilian acknowledged offers of rent in advance had ramped up in the tight market but did not believe that extra legislation was needed.<\/p>\n<p>\u201cI think the reality is if you continue to legislate in 12 to 18 months we could have a very different market, where there are too many rentals and rents are falling,\u201d Kilian said. \u201cThen we have legislation we don\u2019t need.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/static.ffx.io\/images\/$zoom_0.252%2C$multiply_0.7725%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_0\/t_crop_custom\/q_86%2Cf_auto\/d0aed216fe07ad4849c7719bcdd741edbc3b133c\" height=\"390\" width=\"584\"><\/p>\n<p><span>Competition is tough for tenants looking for a rental in the inner-city suburbs.<\/span><cite class=\"ojLwA\"><span>Credit: <\/span>Chris Hopkins<\/cite><\/p>\n<p>Tenants were responsible for lease break costs including rent until a new tenant was found, but then the extra cash should be repaid immediately, he said.<\/p>\n<p>\u201cI\u2019d like to think they are not withholding the money provided they have met their requirements and another tenant has been found,\u201d he said. \u201cIt\u2019s logically incumbent upon the agency or the landlord if it\u2019s a private lease, to release the funds.\u201d<\/p>\n<h2>Most Viewed in Property<\/h2>\n<p>Source: <a href=\"https:\/\/www.theage.com.au\/property\/news\/rick-can-t-find-a-rental-near-work-so-he-s-commuting-six-hours-a-day-20230901-p5e199.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Save articles for later Add articles to your saved list and come back to them any time. Key points Rick<\/p>\n","protected":false},"author":2,"featured_media":68752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Entertainment News. Celebrity News &amp; Gossip - geels<\/title>\n<meta name=\"description\" content=\"Get the latest celebrity news and hot celeb gossip with exclusive stories and pictures from Us. Celebrity gossip and the latest showbiz news. 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