RESIDENTIAL PROPERTY
THE Queensland government will limit rent increases to once a year following policy reform discussions at a housing roundtable in Brisbane...
Reducing the frequency of rent increases from six months to 12 months will bring the sunshine state into line with most other jurisdictions throughout the country.
“There are more than a million Queenslanders who rent their homes and every single one of them must be given a fair go,” Premier Annastacia Palaszczuk said.
“A fair go to pay rent they can afford and not be penalised for the cost of living situation all Australians find themselves in today.
“A fair go to pay rent they can afford and not be penalised for the cost of living situation all Australians find themselves in today.
“The great majority of landlords do the right thing and look after their tenants – but for those who do not, this is a wake-up call.”
SQM Research data shows Brisbane’s vacancy rate is sitting at just 0.8%, while according to PropTrack the the share of total properties listed for rent below...
“The housing pressures we’re seeing aren’t unique to Queensland and...
Leeanne Enoch, Minister for Communities and Housing
“As a growth state with a growing population, Queensland has a huge need for housing – particularly more housing.”
The government has also moved to boost the burgeoning build-to-rent sector, halving land tax obligations and scrapping the 2% foreign investor surcharge.
Property Council Queensland executive director, Jen Williams, said the announcement was exactly the support needed to help rapidly increase the supply of...
“Unlike in countries like the United States where rental housing is typically owned by institutional investors, tenants in Australia are...
“This model has served the country well in the past, however with fewer rental properties available and ongoing demand pressures, there is a growing need for...
Melbourne still dominates the country’s build-to-rent pipeline, but interest in Brisbane’s build-to-rent market has grown significantly...
The government also announced an additional $28 million to continue the Immediate Housing Response Package for another year...
Another $3.9 million will extend and expand food and emergency relief throughout Queensland in 2023-24. That includes $3.3 million to continue the provision of...
Also announced was a $5.91 million package to unlock 5,600 lots in the Ripley Valley Priority Development Area through the development of...
Meanwhile Kevin Young, president of Property Club, said he was seriously considering organising a class action against the Labor Palaszczuk government if it went ahead with capping rent...
“If the Queensland government instituted a cap on rents then I believe there would be a strong case for a class compensation claim in the courts from...
“I hope the Labor Palaszczuk government has learnt its lesson from its disastrous attempt last year to impose additional stamp duty taxes on property...