With rising interest rates, landlords are going to pass on their increased mortgage payments to renters. Govt needs to cap rental increases to 3% Max p.a. to protect renters from landlords who try to increase it too much. While they're at it, they should also put a tax on properties lleft vacant. There are too many rich lazy landlords who are so rich, they don't even need to rent out their properties so just leave them empty, happy with the capital growth year on year. They shouldn't be allowed get away with this when there is a severe shortage of housing and so many homeless. Govt should also get rid of negative gearing and increase cgt to dissuade investment in property. Too many greedy lazy landlords causing housing affordability crises. Time to get rid of them.
