I have a question that I would like some Riot-Act input to …
I am currently renting a property in Canberra for lets say $570/ week. As many of you have commented, rents seem to be dropping and there isn’t a huge market at the moment. Due to this, a property that is directly behind my house is currently on the rental market and sitting vacant. Now I haven’t been inside this house, but from all appearances (and a quick allhomes.com.au check) it seems to be consistent with the house I am renting i.e. same number of bedrooms, baths, living space, block size etc.
This being said, the property behind me is being rented at $530/week. I know its only $40 a week, but over the term of a 12 month lease I could be saving around $2,000. The only properties in my suburb that are renting for what I currently pay are WAYYYY bigger and updated.
My question is, do I have any grounds to ask my landlords (who I really like, hence not wanting to actually move) for a reduction in rent? Or am I just being a tight a$$?