The suggestion Queensland is prepared to introduce a limit on rent increases has sparked debate on how the policy will impact landlords and tenants.
Division in Qld after premier’s signal on rent limits
For a single parent in Queensland, the prospect of another rent hike will likely mean getting a second job.
Rents have grown at a faster rate in Queensland than any other state or territory, with low-income and regional households the hardest hit, a recent report commissioned by the council of social service says.
Limiting annual rent increases to inflation or just above has been floated as one solution but depending who you ask, that’s either a modest intervention or the shattering of confidence for investors.
Tenants Queensland CEO Penny Carr has heard stories of renters going to real estate agents months in advance to find out if their lease is being renewed, and if they are up for a hike.