Greens bill being introduced to parliament will seek to freeze residential rents across the state for two years
Under the Greens bill, landlords could only rent their property at the amount for which it was rented out on 1 August for the next 24 months.Under the Greens bill, landlords could only rent their property at the amount for which it was rented out on 1 August for the next 24 months.Last modified on Tue 30 Aug 2022 18.31 BSTfor two years, under a bill being introduced into state parliament on Wednesday to combat the effects of the nationwide housing crisis.
The rate would remain the same for the next two years, even if there’s a new tenant or the home has since been renovated.The federal Greens have similarly proposed a pause on rent increases for the next two years – a move they say would see wages catch up with rents by 2029. “It’s not clear to me, short of nationalising property, how that could be achieved,” the prime minister, Anthony Albanese, said last week.
“We need to start thinking about housing as something … that everybody needs as an essential service,” Carr said.Matt Grudnoff, a senior economist at The Australia Institute, said the proposal would, in the short term, benefit renters and was unlikely to reduce housing supply. Dr Di Johnson, from Griffith University Business School, said the proposal showed “the market-driven housing supply experiment” had failed many Australians.But Prof Shaun Bond, from the University of Queensland Business School, said a freeze could cause a greater shortage of rental accommodation, “which is one of the key things that’s driving the increases in rents”.
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