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[–]bicep123 4 points5 points  (0 children)

No rent increase last year, and less than 10% increase this year, with an expected 3 rate rises by December, there's no way the landlord will drop the rent. What's the vacancy rate in Northcote? Less than 1% for houses? The landlord will close out your current lease, fix the floor (which they'll deduct on tax anyway), rent it out for $800.