In a few months, the rent for Stacey Paul's Brisbane home — where she has lived for 10 years — will increase by $250 a week. And despite the financial stress, she does not dare leave.
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Stacey Paul thinks she will have to start skipping meals just to keep a roof over her and her son's heads.Stories have emerged from around Queensland of people being forced to sleep in cars and tentsBut REIQ's CEO said the latest rental caps could lower investor confidence The rent for her Brisbane home — where she has lived for 10 years — will increase by $250 a week from June.Finding another rental would be harder again"With the market the way it is, there's no point trying to find another rental," Ms Paul said.For Ms Paul, that looks like "probably skipping meals."Brisbane mother Stacey Paul says food is one of the only things she can cut back on to save money.
"I'm working full time, I've always worked full time and I thought I was on a decent salary but it's obviously not enough to keep up with the market."The easiest flexibility when it comes to the money is cutting down your grocery bills … that's probably the only budget that I can vary.
"We welcome the introduction of limits on the frequency of rent increases, however, we are concerned that it doesn't go far enough, and we are calling for the amount of increase as well," Tenants Queensland CEO Penny Carr said.
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