One place in Australia already has a form of rent capping. Some want to see it spread
When it comes to putting a cap on rent increases, some say a toughened-up version of a law that already exists in one Australian jurisdiction should be implemented across the country.
Rents across the nation are soaring and the idea of a cap on prices is back in the spotlight.
Last week, Queensland Premier Annastacia Palaszczuk said families were regularly facing "huge" increases in rent and that her government was "looking very seriously at how a rental cap can be put in place".
Tenant advocates were keen to see a cap on the amount by which rents can be increased, but their hopes were ultimately dashed.
The state government ruled out a cap on price increases and instead said it was looking at limiting rent increases to once every 12 months rather than six, after Ms Palaszczuk's initial comments drew the ire of the real estate sector and the state's Opposition.
How the proposed rule would apply has not yet been revealed but restricting rent increases to once every 12 months would bring Queensland broadly into line with other jurisdictions including Victoria, NSW, South Australia, Tasmania, and the ACT.
Tenant advocates and some housing experts want a cap on rent increases introduced and say it's not a radical proposal.
They say there's a model that exists in one part of the country and should be considered in others — albeit with reforms. Read More..
