Aside from property, most other assets actually depreciate over
time. That new car you just bought will be worth half what you paid for it in
just 2 years, your office photocopier worth a little less with each tax return.
Yet year after year, renters find themselves paying more each week for what is essentially
an older, more worn out version of the building where they eat, sleep and do
laundry.
As sure as the sun rises, renters know one day they will
have to move out. Unable to renew our 12-month lease, we had been put on a
Periodic Lease, also known as month-to-month. It lasted 9 months, during which
time we were in a state of limbo, scanning real estate websites wondering
whether we should move now? Or now? Or soon?
When we were officially given our marching orders it was a
two-edged sword. Although we were thankful to have some clarity and deadlines,
we knew that the process awaiting us was so tiring! Even after you’ve stopped
looking for possible places to call home, you’re constantly comparing your
soon-to-be-home with your not-for-much-longer-home. A 10-minute inspection is
hardly enough time to store the answers to all the questions that will pop into
your head at 11.30 at night a week later. Did the new place have a double sink
in the kitchen? Will our big, old couch fit in the lounge room? How many mates does
it take to move a cupboard? All first-world problems, sure, but some that I can
certainly do without.
With over 23% of Australian households living in private
rental accommodation, our situation isn’t unique. In some European countries, where
renting isn’t seen as the second-rate option it is here, the figures are much
higher, closer to 60%. Renters there have better rights and more stability,
being able to secure long-term leases at capped rental rates. Here I had to
grovel for a 2-year lease, and even then it’s got a rent rise already built
into it. Apparently it’s so unusual that even the computer payment system at
the Real Estate office couldn’t handle two year timeframe, so it printed me a
helpful statement saying we had an amount outstanding of $8.47 in order to
balance the figures over the two years.
On the plus side, at our new place there are different gardens to explore, sunny balconies on which to relax and welcome roof insulation under which to appreciate the early warm weather. And then there’s the endless revolving conversation with the pre-schooler about why he likes the old house or the new house better on any given day. Oh, and another leaking tap to fix. At least I only need to remember one number to call for all my repairs…
On the plus side, at our new place there are different gardens to explore, sunny balconies on which to relax and welcome roof insulation under which to appreciate the early warm weather. And then there’s the endless revolving conversation with the pre-schooler about why he likes the old house or the new house better on any given day. Oh, and another leaking tap to fix. At least I only need to remember one number to call for all my repairs…
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