Hi Fellow OZBs
I am in a bit of a pickle here and hoping that I can get some advice to get myself out of this situation.
I rented a house in March 2020 with a one year lease. Meanwhile, I ended up buying another house and this house is now about to get settled. I have told my Real Estate Agent that I will be breaking the lease. They have dragged their feet in readvertising the property, but finally, they did it two weeks ago on their own website and Realestate.com.au. I also advertised it earlier on Facebook marketplace. Till date, there has not been any enquiry via the agent, but two enquiries via FB. Both enquiries did not reach the application stage.
In a normal market situation, the house would have been let in a few weeks, being in a good location and in a near new condition. However, Covid-19, especially in Melbourne, has made it very hard and market conditions are difficult.
Some of the things I have thought about:
1. Can I rent the house I bought instead - no, as the family is really keen to move in there
2. Go to Consumer Affairs / VCAT - They are not interested as I am not financially impacted by COVID (though the rental market is in hibernation due to COVID and therefore I cannot let go the rent)
Can you please suggest anything that may help me in avoiding this financial pickle and stress. I fully realise that it is my doing, so please be nice.
Thank you heaps in advance.