PHOTO: FILE
A young property owner with multiple holdings has shared her perspective on why she believes it’s reasonable for landlords to adjust rents.
At just 26 years old, Grace has built a considerable property portfolio through her content creation on OnlyFans. Currently, she possesses two apartments and one house, with plans to acquire her fourth property soon.
While residing in her Melbourne apartment, Grace awaits tenants for her Victoria-based house, listed at $600 per week. Additionally, she anticipates the completion of her second apartment in Brisbane, intending to lease it upon construction completion.
Grace disclosed that each property carries substantial mortgages ranging from $650,000 to $700,000. Her objective is to have all properties occupied, aiming to cover expenses.
Amid Australia’s housing crisis, exacerbated by the Reserve Bank of Australia’s cash rate and a record-low vacancy rate of 0.7%, both homeowners and renters face financial strain. Grace empathizes with landlords striving to meet their financial obligations amidst soaring mortgage rates and additional expenses like Body Corporate fees.
Grace stressed that landlords should be reasonable when it comes to rent increases. Picture: Supplied
However, she emphasizes the importance of fairness, opposing unreasonable rent hikes or unjust evictions. Grace values integrity in landlord-tenant relationships, referring to her tenants as “angels” and asserting her commitment to being a responsible and fair landlord.
Grace calls her tenants ‘angels’. Picture: Supplied
Reflecting on her journey into property ownership, Grace acknowledges the unexpected financial burdens associated with homeownership. Nonetheless, she expresses gratitude for her financial stability and looks forward to expanding her real estate portfolio.
With optimism and determination, Grace plans to continue investing in real estate, grateful for her achievements in the property market at a young age.
SOURCE: NEWS.COM.AU