Greens move to introduce a bill to federal parliament to freeze rents and interest rates

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Greens move to introduce a bill to federal parliament to freeze rents and interest rates
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Their proposal would see the federal government work with states and territories to freeze rent increases nationwide.

abc.net.au/news/greens-rent-freeze-federal-parliament/102283334The federal Greens will introduce a bill to federal parliament next month that would freeze rent prices across the country for two years and give the government power to stop the Reserve Bank from raising interest rates.

The jurisdictions that agreed to implement rental freezes for two years, and cap increases at 2 per cent every two years after that, would be able to secure double the amount of Commonwealth housing funding. "This is a national housing and rental crisis that requires national leadership, and the Greens will have a bill before the Senate this budget week that will freeze rent increases and mortgages that Labor could pass straight away," he said.

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