Current House Rental Rates



ORIGINAL POST
Posted by Thames 18 yrs ago
My house lease will expire in a couple of months and I'm hoping to renew it. Before I start negotiating with my landlord, I'd like to get a feel for how much monthly rental rates have increased since 2005. I guess I should ring a couple of estate agents to hear what they say the general trend is, but I'd also be interested to hear from other tenants who can give me a real idea of what the market is like at present from a renter's perspective. Any feedback would be much appreciated.

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COMMENTS
F100 18 yrs ago
i have a couple of friends who told me that their rents have gone up 40% since 2005.

i think in the luxury sector the rents have gone up a lot (ie..repulse bay, south side, luxury mid-levels).

however, if you are renting a smaller unit under 1000 sq feet - the prices have gone up but not nearly as much as the high end.

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mrsl 18 yrs ago
50-60%????? Oh boy, if our house counts under 'luxury sector', we'll certainly be moving when our lease is up in a few months!

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F100 18 yrs ago
dear mrsl,

better ask your neighbours what the going rate is.

my friends were shocked when they found out.

they were expecting 10-20% but not 40-50%.

my friend told me that they are scrambling to find something more reasonable but meet their standards.

people are telling me that the supply is getting tight, especially if you want a larger unit with facilities that is located in a good area.


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