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Uni students scramble for accommodation

04 Feb, 2012 03:00 AM
LANDLORDS are collecting up to $1000 a week for student digs around the University of Newcastle as competition for rooms heats up.

The University of Newcastle made a record amount of offers of university places in the past two weeks to prospective students and competition for accommodation in 2012 is expected to be fierce.

Real Estate agents in the area have reported new and returning students are snapping up places fast before international students flood the market over the next two weeks.

This weekend is expected to be a bumper weekend as landlords and tenants show and rent properties.

University begins with Orientation Week on February 20 and classes resume February 27.

Newcastle’s rental property market has become increasingly tight as demand rises without rooms to match, pushing prices up.

Houses around the university are increasingly being rented out by the room.

The Newcastle Herald found one seven-bedroom property with rooms going for $125 to $150 a week each, netting the landlord up to $1050 a week.

However many such deals include bills factored into the rent.

Student accommodation specialist Reece Realty at Jesmond said agents had up to 10 groups of students at each open house.

Property manager Jess Babb said over the weekend they had students from regional areas such as Port Macquarie, Coffs Harbour and Tamworth down checking out houses.

‘‘Start looking now because all the good stuff will go early,’’ she said.

‘‘We are seeing more demand because the university is taking more enrolments each year.

She said rents had so far remained stable, and went for about $130 a week

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The University, if it to provide places, should invest in even more accomodation in partnership with the private sector. Competition for scarce rental housing is already straining this city. There are many marginalied people already struggling to find rental accommodation without this added pressure. You've got a mining boom in the Hunter Valley bringing even greater strain on scarce housing. This is a crisis that seems to be worsening by the day. Increasing homeless for those whose leases expire and can't find places to rent. The market place is not going to find the solution.
Posted by concerned, 4/02/2012 5:25:45 AM, on The Herald
That's dirt cheap rental.

A basic two bed house should be attracting $1000 a week and a 3 bed $1200 on the normal market.

Any rents lower than this are simple not viable to landlords.

Unless rents rise to these levels then there simply will be no houses to rent.

Posted by Bigfeller, 4/02/2012 5:38:34 AM, on The Herald
All new renters should try to be as informed as possible about their rights and responsibilities.

www.tenants.org.au.au is a great general resource and the share housing survival guide found at www.rlc.org.au has specific info about share housing.

Posted by Nicg, 4/02/2012 5:56:33 AM, on The Herald
$1000 a week for a 7 bedroom property seems pretty reasonable to me. what does The Herald suggest the landlord charge?


Posted by tp, 4/02/2012 6:30:35 AM, on The Herald
The product of free market forces and the cost of repairs to the neglect and damage these students cause. Sounds fair to me.
Posted by Knowitall, 4/02/2012 6:37:22 AM, on The Herald
Living in the University precinct is an eye-opener to the exploitation of new students. Infrastructure is also a big though hidden problem particularly for overseas students. For example Vine Street is a vital perimeter access road to NU but it is narrow and has no footpaths putting the unwary pedestrians at great risk.
Posted by pablo, 4/02/2012 8:58:01 AM, on The Herald
To 'Concerned', the uni has plans to "almost double its on-campus student accommodation at Callaghan" by 2014. More info here - http://www.newcastle.edu.au/service/accommodation/new-student-accommodation/

And 'Bigfeller', $1000 a week is nowhere near realistic - you'd hardly pay that for the overpriced apartments in Newcastle overlooking the water, let alone an old 2 bedroom place in Jesmond or somewhere else near the uni. If a $300 or $400 a week return on your rented property isn't enough, you need to learn to manage your money better, not just keep uping the rent

Posted by Greg, 4/02/2012 10:11:17 AM, on The Herald
Free market forces? Don't you just love this "realestatemarket" speak? My days as a renting student decades ago have left me with a sour taste towards REA and exploitative landlords. They know every trick in the book for squeezing the last buck out of the poor students and their parents.
Posted by Why?, 4/02/2012 10:55:01 AM, on The Herald
What happened to the Uni project of turning shipping containers into an accommodation facility?
Posted by BobTheBoily, 4/02/2012 11:58:45 AM, on The Herald
I have a son and girlfriend looking for some where since oct. and have not been able to find anything due to the large amount of people in our own area looking. and a cousin in the same boat with his child and he is in his 40's.So the uni students get priority.
Posted by bertie, 4/02/2012 12:56:33 PM, on The Herald
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FINE LIVING: Samantha South in her student accommodation digs at Tighes Hill yesterday.
FINE LIVING: Samantha South in her student accommodation digs at Tighes Hill yesterday.

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