Ensuring the Annual Rent Increase Frequency Limit is Effective - Discussion Paper
The Real Estate Institute of Queensland (“REIQ”) appreciated the opportunity to provide our views on the Discussion Paper: Ensuring the annual rent increase frequency limit is effective (Discussion Paper), released by the Department of Housing for community consultation on 13 July 2023.
The REIQ did not support the proposed reforms set out in the Discussion Paper.
It was evident that these proposals had been designed to rectify the negative consequences arising from the poorly drafted and ill-considered rent limit increase laws passed on 18 April 2023. Further legislative intervention was unnecessary and would only cause additional inconvenience and distress to lessors, tenants and property managers.
We recommended the Queensland Government abandon this proposed reform and divert its attention towards positive and meaningful measures to boost rental housing supply.
Read our submission here.
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