The year 2017 was the year of the rent increase, and that’s because it was.

And for most of us, that means a big increase in your rent, which could mean your bills will go up even more.

For a range of reasons, we’ll break it down in this story for renters in a variety of circumstances.

1.

Your rent is going up The biggest driver of rent increases in Australia is rising housing costs, with inflation at 5 per cent, according to the Bureau of Statistics.

And the latest data shows the average rent for a home in Sydney increased by $2,900 in 2018, an increase of $2.4, or more than 10 per cent.

But the rise is less of a surprise for renters.

It’s been rising steadily since the mid-2000s, and now the average Sydney house price is $1.6 million, up by $900 on the previous year.

The median rent for an apartment in Sydney is now $2m, up $200 on the year before.

2.

The banks are taking your money There’s little that you can do to get your rent back, or even get your bank to let you move again.

Banks are only permitted to allow up to $500,000 in rent deposits in a given year.

This means you’ll need to get permission from your bank or bank in your area to borrow up to that amount.

In 2018, the banks had $2bn in deposits to offer to landlords, so many renters are relying on them to bail them out when things start going wrong.

And they’re unlikely to provide much more help.

3.

Your mortgage is under a lot of pressure You might be in a rental situation where you’ve had a bad month, or you’ve just got a big payment due.

But your mortgage is in some serious trouble.

The average annual interest rate for new mortgages is 6.5 per cent in NSW, and in Queensland the average is 3.6 per cent for first-time buyers, according the Australian Bankers Association.

And that’s on top of a massive overhang of debt, which is up by more than $600 a month in New South Wales alone.

You’ll be able to get a mortgage with the average interest rate down to 3.1 per cent if you can get an approval from the NSW Office of Banking Supervision and Regulation (OBSBC).

But if you’re struggling to pay back your mortgage, there’s little your landlord can do.

They can’t even buy a property, unless they’ve secured a loan from a bank or trust.

4.

You’re looking at a property you don’t really want If you’re renting a property that’s not in the best condition, the landlord will want to get it into an agreement with a company that can improve it.

And you might be one of the lucky ones.

The majority of renters don’t want to move, and many don’t have the money to buy a house that would let them move.

The government’s Rent Assistance Scheme helps those who can’t afford to buy.

But it’s unlikely to help all renters, and it only applies to people who’ve been paying rent for more than 12 months.

5.

You can’t keep your deposit There are a few ways you can avoid having to take out a deposit for a property.

You could put it in a savings account or a superannuation account.

Alternatively, you can use an old bank deposit, such as your own.

But if your money has gone down in value over the past year, there is no money available to get out.

You may also be able find a cheaper alternative, like a rental deposit from your local bank.

6.

You’ve moved to a new property The other option for some renters is to buy their first home.

It may not be as easy as buying a home outright, but you can still buy your first home and get it paid off, without a bank deposit.

It might be tempting, but it’s not ideal.

And if you have to move out of your current home, you won’t have any money to make your mortgage payments.

It could be a bad idea to move your first property unless you’ve been able to afford to rent it for a long time.

7.

You don’t live alone You may be tempted to move in with a friend or family member, or just make the move with a roommate.

But you’ll likely be better off buying a house yourself, with the help of an agent.

If you have the financial means, you’ll also need to look at what the mortgage provider will charge.

You should consider what you’ll be paying for the property, and what it’s worth to you.

A new apartment can be cheaper than a property with similar characteristics, but this depends on your budget and the property’s size.

8.

You want a deposit to help pay the mortgage You’re also better off taking out a mortgage if you don.

A deposit from the bank or the trust could