Sydney real estate: Tenant celebrates as renters avoid open house after landlord hiked price by $700

Tenant celebrates as no one turns up to the house he was forced out of after his landlord hiked the rent by $350 a week: ‘Karma exists’

  • Tenant says karma hit his landlord after they raised the rent by $700
  • The Sydneysider unleashed about the rent jumping to $1300 a week 
  • He said justice was served after no one turned up to the open home

A tenant has celebrated after no one turned up to an open house at a property he was forced out of his place due to his landlord hiking the rent by $350 a week.

Sydneysider Sean revealed this week he and his roommate were forced to find a new place after his landlord decided to hike the price of their apartment in the middle of Australia’s devastating rental crisis.

The young Sydneysider however said there was a ‘silver lining’ to them being forced out – no one turning up to the property’s first inspection.

Sean said the price for the Sydney property went up to $2,600 a fortnight, or $1,300 a week, a jump from the previous $950 a week they used to pay.

According to SQM research, rent prices in Sydney have risen 25.2 per cent in the last 12 months, in Melbourne 21.9 per cent, in Brisbane 20.8 per cent and in Perth 16.3 per cent.

Sydney tenant Sean (pictured) has revealed he and hisroom mate were forced out of the Sydney property they were renting after the landlord raised their rent by $350 a week, up to $1,300 a week 

There are also incredibly low vacancy rates, with only around 1 per cent of Sydney properties available for lease.

‘Despite the 1 per cent vacancy rate in Sydney right now, and how desperate people are to find a place and the many houses I’ve been to in this area where there are people lined up down the street to move in, still not one single person showed up to this house,’ Sean said.

The TikToker said his former landlord had overplayed his hand, kicking out good tenants who had resided in the property for years.

He also said landlords shouldn’t buy houses they ‘can’t afford’ and expect tenants to cop the price hike when interest rates go up, concluding his rant by saying ‘karma exists’.

In a follow-up video, Sean said in addition to raising the rent, the landlord ignored their urgent repair requests as well as concerns over serious water damage and mould.

The skyrocketing prices of rentals has combined with incredibly low vacancy rates, with only around one per cent of properties in Sydney available for lease (pictured, hopeful tenants queue to inspect a property in the city's east)

The TikToker said there was a silver lining though after no one turned up to the property’s open home, which he says is ‘karma’

Many of his followers voiced concerns about the price hike, revealing they were in a similar boat.

‘I can’t believe $700 in one go is even legal,’ one person wrote.

‘Come on surely that’s illegal,’ a second said.

‘This happened to us too. Got kicked out to sell – been rotting on the market all year,’ a third commented.

The rental crisis in Sydney is at a tipping point with Tenants’ Union of NSW CEO Leo Patterson-Ross recently saying the government needed to step in to create more housing and establish an independent body to ensure accommodation is up to standard.

‘We just do not have enough homes for everyone in Australia,’ he said.

According to SQM Research, prices for rental properties in Sydney have skyrocketed 25.2 per cent in the last 12 months (pictured, potential tenants inspect an apartment in the city's east)

Sean said the price for the Sydney property went up to $2,600 a fortnight or $1,300 a week, a 36 per cent increase on what he and his roommate were paying in rent

Labor’s $10billion Housing Australia Future Fund, which would finance the construction of 30,000 social and affordable rental homes over the next five years, was also recently rejected by the Senate cross bench.

The Greens withheld their vote, arguing it didn’t go far enough to alleviate soaring rents with the party pushing for a national rent freeze.

Independent ACT senator David Pocock is also holding out for a larger commitment from the federal government.

Prime Minister Anthony Albanese said in March a national rent freeze was impossible, branding the idea as ‘pixie dust’.