Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Skyrocketing Rates Squeezing Landlords Out

Newspaper article Fraser Coast Chronicle (Hervey Bay, Australia)

Skyrocketing Rates Squeezing Landlords Out

Article excerpt

Byline: Jocelyn Watts

SKYROCKETING council rates are putting landlords in the difficult position of being neither able to make a profit nor sell their properties, says Arthur Thompson of Tinana.

"I own a shop in Walker Street and more than half of what I get in rent goes on the rates.

"My insurance is over $2000 and after other expenses are paid, there's not much left. I can't keep going like this."

Mr Thompson's comments came after Maryborough businessman Vince Rovere told the Chronicle yesterday the Fraser Coast council needed to introduce a bylaw that forced shop owners to maintain a suitable standard of presentation that complemented the streetscape. If buildings were left vacant for long periods of time, the owners should also declare their rental prices and if exorbitant, explain why.

Mr Thompson said he paid just $800 for annual council rates when he bought the shop 10 years ago. This year the bill is $4000.

"The owners have to pass the cost on to the tenants but how far can you push the tenants? …

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