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“We never asked about a rent increase, and we understood that,” he said. “[But] quite difficult at the moment.” Zahos admits that the organizers are not putting up his rent during the 2020 and 2021 COVID-19 lockdowns and he expects an increase this year. However, he said, after lost revenue due to the pandemic and rising costs due to inflation, the proposed amount was extraordinary. He also declined to disclose the amount. Fresh produce stalls remained open during the lockdown, while other stalls were forced to close. Another stall owner who spoke to Sunday Time did so on the condition of anonymity, fearing it might affect negotiations. One woman, whose rent could increase by about 30 percent, accused the committee of being a bully. “They’re going to basically bankrupt our business … during a recession, during a pandemic,” he said. The woman said she felt pressured to give her financial records. “That is outrageous, disgusting behavior. We w...

Australia’s rental crisis has hit another record, as tenants complain of up to 22 per cent rise in weekly payments. Domain on Thursday revealed, across Australian capital cities, median weekly rent payments are $515 for a house and $460 for a unit. That’s an increase from $460 and $410 respectively at the same time last year. Watch the latest News on Channel 7 or stream for free on 7plus >> The lack of supply in the market has contributed to rising rents, along with successive rate hikes by the Reserve Bank of Australia. The tenant bears the costs. In this week’s Reddit thread, tenants said they had been hit by increases of more than 20 percent in some cases. Someone said while they expected rents to increase, they were surprised when it jumped from $220 per week to $270 – a 22 percent increase. Others say their rents have gone up from $620 per week to $680 – but they are pragmatic about those increases. “To be honest I’m glad I got a rent increase o...