Buyers agents and industry groups warned Australia risked repeating Ireland’s rental collapse, where rent controls, higher taxes and eviction restrictions preceded a shortage that left only about 716 rentals available nationwide. They pointed to Queensland’s land tax change, depreciation restrictions, tenancy reforms and the 300 basis point lending buffer as a growing list of deterrents. PIPA said investment activity had been declining for five years.
Reported by
Shannon Molloy, realestate.com.au, 15 September 2022
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