Queensland Premier Annastacia Palaszczuk’s suggestion that the state was considering a cap on private rents drew strong criticism from investors and industry groups, who predicted a wave of selling. REIQ chief Antonia Mercorella said the shortage was a supply problem, while agents warned that holding costs already exceeded rental income for many owners. PIPA chair Nicola McDougall blamed years of reactive policymaking for the situation.
Reported by
Samantha Healy, The Courier Mail, 20 Marc
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