Tenants’ Union says some form of rent control is needed to alleviate pressure during a ‘nasty’ time in the market
Millie Bannister was already anxious about how much the rental market had skyrocketed in Sydney when she received a letter from her landlord saying they wanted to increase her rent by 35%.
“Because that extra $12,000 a year that we’re paying could have gone to purchasing a property. And now that is completely cut out of the budget.” Leo Patterson Ross, the chief executive at the Tenants’ Union of New South Wales, said it was a “nasty” time for renters, and that it was time for some form of rental control to alleviate the pressure on the market.
A repeated argument against rent caps is that it would disincentivise landlords from providing rental supply, or from maintaining their rental properties, but Ross said that wasn’t happening anyway.
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