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Reports of Landlords raising rents by $300 a week

I find these people - unscrupulous landlords, disgusting.
There is no law limiting how much rent can be raised here in Australia.
The stipulation is - Market Forces will set the price.
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cherokeepatti · 61-69, F
they can only raise the rent a certain percentage every year here where I live. That is horrible to raise it by that much. Who can afford to live in places where they are doing that?