The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the Greens recent media release proposing a rent freeze on residential investment properties lacks a fundamental understanding on the key issues that will help Australian renters.
Mr Groves said that while the plan was well-intentioned it will do nothing for Australia’s long term housing supply crunch.
“The real estate industry, particularly, property managers and owners have implemented the rental eviction moratorium during the past two years of the COVID-19 pandemic.
“At the same time, rent has increased in areas where there is a chronic shortage of supply and unless this is addressed, the situation will worsen,” Mr Groves said.
“Dealing with supply in a real way over farfetched and unrealistic proposals about a national rent control will alleviate pressures on renters.”
“Australia’s State and Federal Governments need to focus on encouraging supply and investment in private property markets as without more houses and more investors supply issues will continue to worsen.”
Mr Groves has urged tenants to communicate directly with their property manager if they have concerns about meeting their rent commitments.
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS