Julie Collins said the push to freeze or cap rents across the country is opposed by an 'overwhelming' majority of experts, with the government instead focused on adding supply to take pressure off the housing market.
Housing Minister Julie Collins has rejected calls for a national freeze or cap on rents, saying the"overwhelming" majority of experts have told her to instead focus on boosting supply to take pressure off the housing market.
Housing Minister Julie Collins said the push to freeze or cap rents across the country is opposed by an"overwhelming" majority of experts, with the government instead focused on adding supply to take pressure off the housing market. Picture: NCA NewsWire/Martin Ollman "What is being proposed here about rent freezes, obviously the Commonwealth doesn't have the power to do under the Constitution," she said.
Landlords in the territory can only raise rents by up to ten per cent more than the rate of inflation for rent prices, a move designed to prevent massive increases causing unaffordability problems. "In some cases it does work in a little way, but overall the evidence and data shows it doesn't work long-term," she said."It reduces supply significantly, by up to 15 per cent.
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