Well well well, this may explain part of the reason why Investment property owners are raising rents to record levels prior to this apparent plan by the ALP/Greens, with Labor as there vocal supporter.
Demands from the Greens include a “national plan for renters” including a negotiation over a national freeze on rent increases at national cabinet, expecting Prime Minister Anthony Albanese to raise the issue with state and territory leaders.1:27Report reveals extent of housing crisis. As many Australians prepare for higher mortgage repayments, a new report has revealed the extent of the housing crisis.“Freezing rent increases and doubling Commonwealth Rent Assistance will ensure we provide immediate relief to the millions of households in serious financial stress as a result of soaring rents,” Chandler-Mather said.
And they wonder why Investors have decided to either Stop purchasing properties or have plans to unload.
This can & will only make the current National Rental crisis far worse.
