With rents sky-rocketing an investment manager has leapt to the defence of landlords saying they are seen as the ‘bad guy’ but often have their own homes on the line.<\/p>\n
However, the argument did not seem to impress one renter during the studio discussion of the rent crisis filmed for an upcoming episode of SBS show Insight.<\/p>\n
investment manager Troy Sussman said that most property investors are ‘just every day mums and dads …trying to help themselves’.<\/p>\n
The majority of landlords, he asserted, only have an average Australian household income ($1,124 per week), below $100,000 a year.<\/p>\n
He pointed out that if a tenant stopped paying rent the landlord would have to carry all the property costs including what they may have borrowed to buy it.\u00a0<\/p>\n
‘Everyone that owns an investment property is carrying the full risk of holding that property and wearing the interest rate costs and the associated costs that go with the property,’ Mr Sussman said.\u00a0<\/p>\n