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I received a portentous email from my real estate agent yesterday

- We have a 1 bedroom, 1 bathroom, 1 car bay, ground floor property coming available at 64 Spencer Ave around 23/24 December at $400.00 per week.

Why is this portentous you ask?
The unit is owned by the gentleman who owns the one I am renting. (He built and owns 124 similar units)
The one for rent is in a block of units about 100 metres down the road.
The unit is exactly the same as mine.
I am currently paying $350 a week. The rent will go up in May, and this offering shows that my rent might rise to $400 a week.
There is the possibility the empty unit might have been refurbished, hence the higher price.
I have been in this unit for 11 years and only the hot water unit has replaced.
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FreddieUK · 70-79, M
The cost and supply of decent housing seems to be an issue in most parts of the world. 😕
whowasthatmaskedman · 70-79, M
@FreddieUK In our country, the housing supply was always fragile. However, Covid and its lockdowns disrupted the supply chain from builders to bricks, timber and fittings. Cutting supply and pushing prices up in a spiral. The shortage persists as some retail builders and commercial property developers suffer financial stress and go bankrupt, reducing supply..😷