Post #681229
2026-03-17 05:08 UTC
They're talking about government-mandated #RentControl. The article doesn't mention it, because #jermalisms, but we have it in #Canberra. My #rent went up $5/week last year; were we still in #Brisbane, we'd be paying exactly twice what we were five years ago.
We don't have a #HousingAffordability problem in #Australia—we have a politician problem. There's simply no political will at state or federal levels to rein landlords in.
#poverty #housing #CostOfLiving #meeja https://social.chinwag.org/@sbs_bot/116242703120447855
Replies (1)
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@Old_IT_geek@techhub.social 2026-03-17 06:07
@davej As a landlord I need to point out all the Building Maintenance Government rates Strata fees Insurances And Interest payments (which have just gone up) All have to come out of the weekly rent (or we will have to start claiming negative gearing from other tax payers). A $5 increase doesn’t go anywhere near the increases in all the other costs, especially the ACT government charges. We could sell the property then your rent would go up massively. I’m not arguing for big rent increases but leasing out a property is becoming uneconomical. Or the ACT government could cut back on their rates increases.