The Greens’ proposal for a two year national rent freeze drew opposing responses, with a UNSW researcher arguing Australia regulates rents lightly and that caps could ease cost pressures and even encourage development. Real estate bodies and the prime minister dismissed the idea as unworkable. PIPA and PICA said it would drive more investors out and raise homelessness, citing research that rents grew at half the rate of inflation over the past decade.
Reported by
Grace Osmsby, realestatebusiness.com.au, 30 August 2022
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
