An Aussie real estate agent’s thoughtless post has exposed how much they are willing to let tenants spend on rent.
In a Facebook group dedicated to property managers, an anonymous member asked their fellow agents if they still use the 30 per cent theory to evaluate if someone can afford a rental property.
Rent in Sydney has risen by 18 per cent, followed by rent in Melbourne, which has increased by 14 per cent. Aussies are being hit financially at all sides, and the response to the 30 per cent question has revealed that agents have decided to factor out that ideal.The 30 per cent rule has fallen apart in 2023. Picture: iStock
One agent said that most of their tenants were now spending 40 per cent on rent, but they wouldn’t allow a tenant to pay more. “I’ve got some pensioners paying 50 per cent and others paying a higher percentage than that who have paid more than that in previous properties. I pay more attention to the ledgers these days.”
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