Saturday, April 27, 2024

Eureka Villages increases rents on aged and disability pensioners, despite regulator finding them to be 'unreasonable'

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Still, most envision a bright future for BTR, especially given Millennials’ desire for home ownership, even if it comes with a monthly rent payment rather than a mortgage expense. The leading emerging metros for BTR homes are found in Florida and North Carolina. The North Port and Lakeland markets were the new markets with the greatest activity within the Sunshine State.

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RentCafe reports most of the 45,400 BTR homes currently being constructed will open their doors next year. After that, the pace of new completions is likely to moderate, the nationwide apartment listing service observed. The largest number of new BTR homes last year were constructed in the Phoenix metro area, where more than 4,000 units were completed.

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The Tasmanian Tenants' Union asked Eureka if it would apply the RTC's decision to all residents at its five Tasmanian sites as a "gesture of goodwill". We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. "A lot of those residents will have to make the decision whether they look for somewhere else, but that's difficult in Broken Hill," he said. Broken Hill mayor Tom Kennedy said this had negatively impacted the lives of elderly residents. "I worry about these people. I don't know where they'll go, what they'll do, if they don't have families. And a lot of them don't have any family at all. "A lot of people are on expensive medications as well. And that's got to be found out of what's left of your pension," she said.

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"To maintain our high standards and to ensure the quality-of-service delivery, it is necessary for rental rates to increase. "For this period rents for one-bedroom properties in the greater Hobart area saw decreases in the second and third quarter and have seen increases of 3 per cent in the final quarter." She is one of 24 residents at Eureka villages in Tasmania who took the matter to the state's Residential Tenancy Commissioner (RTC), arguing the increase was "unreasonable". At a Eureka Village in Hobart, residents in one-bedroom units will have to pay $482 per week, which is 77 per cent of the age pension.

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Eureka rent rises well above average for region

The company argued that the increased rent was due to a new breakfast service, but the RTC found there did not appear to be an opt-out option. In the Hobart suburb of Glenorchy, Eureka Village resident Julie Rookyard noticed her neighbours starting to receive the $50 rent rise notices one by one. Rent rises at one of Australia's largest providers of independent living units for seniors have been found to be "unreasonable" by a state regulator – but the company plans to continue with them anyway. Typically, a tenant can terminate a lease agreement if the property has become uninhabitable and the landlord does not take appropriate corrective action. The tenant must notify the landlord in writing and demand the problem be worked, typically within seven days.

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In sizing up the numbers, RentCafe observed that the Covid-19 pandemic’s impact should not be underestimated. In the years before Covid turned our worlds upside down, an average 6,600 BTR houses were constructed annually nationwide. Last year, residents at Shorty O'Neil village in Broken Hill, New South Wales – also a Eureka site – were told their rents would increase by $50 a week. "I've lived in two villages before this. And the rents have gone up by $10 a week, [not] $50 a week," Ms Dodson said. If there are problems, but the property can still be lived in, the tenant must continue paying the rent while holding the landlord accountable for not living up to their responsibilities.

Houses for Rent in Los Angeles, CA

If the landlord does not make a good-faith effort to fix things, the tenant can terminate the lease and move out. If your landlord ignores the issue or dismisses your concerns, try again, but this time in writing. This lets her know you are serious about the problem and helps create a record of your efforts to get your landlord to live up to her responsibilities.

Dallas came in second with almost 2,700 and Atlanta was third with approximately 1,980. Austin and Charlotte, with 840 and 714 respectively, were the next metros on the list. Homes for rent in Los Angeles, California have a median rental price of $3,260. There are 2702 active homes for rent in Los Angeles, which spend an average of 49 days on the market. Some of the nearby neighborhoods near Los Angeles are Hollywood Hills West, Brentwood, Westwood, and Downtown Los Angeles. You may also be interested in homes that are for rent in the nearby ZIP codes of 90046, 90077, or in neighboring cities, such as Beverly Hills, Long Beach, West Hollywood, or Santa Monica.

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In fact, Huntsville is topped only by Phoenix, Dallas and Houston among the metros with the most BTR homes under construction. At the opposite end of the spectrum, Denver, Sacramento, Riverside and Minneapolis bring up the bottom of the top 20, each of them with fewer than 1,000 BTR units under construction. In Alabama, the dramatic growth of jobs and residents in Huntsville has supercharged the production of BTR houses. "They're stuck between a rock and a hard place. There's actually no rental properties for them to move into."

In Tasmania, rent rises can be appealed if tenants feel they are not in line with surrounding neighbourhoods. But over the past 12 months, residents of some of its 52 villages – the majority of whom are age and disability pension recipients – have been receiving notices from the company that have given them concern. I have seen many tenants say a problem makes a property unlivable, stop paying rent, but remain in the home. This only leads to more problems for the tenant because if the property really were unlivable, they would not be able to stay there. BTR as a sector is facing many of the same headwinds the rest of the home building industry confronts, with persistently elevated interest rates and inflated construction expenses near the top.

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In its statement, Eureka Group said it does not apply a "one-size-fits-all approach" to its rental rates. Tenant Sandra Flintoff felt that was unfair, and she will try to find a private rental instead. In its decision, the RTC compared the rent with "similar properties in gated communities" nearby – also owned by Eureka Group. So far, the RTC has ruled in the residents' favour in every case, deeming the rent rise to be "unreasonable".

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