Unwarranted rent rises

Picture this. Landlord owns over 100 units. Has done so for more than 50 years.
Easily bringing in over one million 800 thousand dollars a year.
Over 50 years, how much would have been accumulated?
Notice of rent rise each year. This time $100 a week.
Anyone out there tell me how the constant rent rises can be justified?
Remember, currently bringing in $1.8 million a year.

This page is a permanent link to the reply below and its nested replies. See all post replies »

ninalanyon · 61-69, T

With the vast amount of land available in Australia it should surely be a buyers market?

whowasthatmaskedman · 70-79, M

@ninalanyon While there is megaOoddles of land here, land okayed and developed for real estate development is indeed expensive and in short supply. And because of the land traditionally being available, there isnt a lot of medium and high density housing. Please note that unlike America and much of Europe, most of the population live in about twenty major cities, while the rest of the continent is almost deserted.. So its a question of jobs, schools hospitals and water supply..😷