What would be the mechanism for the rent caps? I doubt many landlords are evicting tenants for no reason. A reliable tenant that looks after the property would be like gold.
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So how is taxable income not ‘before taxi I get salary sacrifice but this stuff comes with the tax return?
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The shorten plan was no NG except on new properties. No reason to believe it wouldn’t be the same arrangement again if it came in
No kidding. What would be the mechanism for setting the caps?
Gralin
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Well the states would have to legislate the rent caps
Victoria has a limit of one increase pee 12 months but no limit on how big that increase can be
A rent cap would be a cap on how much rent can go up
They blocked evictions during covid, they can change laws anytime they want
Aside from the frontrunning issues, what happens if costs go up faster than the allowable rent increase?
Short-term covid measures aren't going to translate well into permanent policy.
Don't worry it's just pure fantasy.
It must be good believing in utopia.
Ghost Patrol
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Landlords will likely whinge either way.
State and federal governments ****ed up the housing market even more than it already was by throwing home builder grants around. If they were so worried about keeping the construction industry going during covid they should have just built social housing.
Then the market sorts it out.
Chief
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And Kram
Like Gralin said - they already limit the frequency of rent increases.
Queensland law:
This is a cap on frequency of rent increases.
Rent increases | Residential Tenancies Authority
All they have to do is change QCAT rules on what is excessive.
If they mandate "not by more than 10%" - that's a rent cap.
If they mandate "and may not be above the amount in the following schedule for dwellings within X km of the CBD:" followed by a schedule of property sizes, ages, types etc, that's a rent cap.
This stuff is not too hard to implement. It is already in action to some degree.
The journalists telling everyone it would be the end of the world are not being honest with their fellow citizens.
Was it Shorten or Bowen who got up before the election when questioned on their policies said well if you don’t like it, don’t vote for us?
Bowen.
That was the height of arrogance and a good reason they lost the election.
There is no cap in Queensland.And Kram
Like Gralin said - they already limit the frequency of rent increases.
Queensland law:
This is a cap on frequency of rent increases.
Rent increases | Residential Tenancies Authority
www.rta.qld.gov.au
All they have to do is change QCAT rules on what is excessive.
If they mandate "not by more than 10%" - that's a rent cap.
If they mandate "and may not be above the amount in the following schedule for dwellings within X km of the CBD:" followed by a schedule of property sizes, ages, types etc, that's a rent cap.
This stuff is not too hard to implement. It is already in action to some degree.
The journalists telling everyone it would be the end of the world are not being honest with their fellow citizens.
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It was a favourite Howard tactic
FruitTingles
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A big problem is most economists are happy to think like accountants. ‘If you pay $x rent and it’s equal to the interest part of mortgage’ then it doesn’t matter who owns a property.
They miss the massive spiritual element of owning a home. I can’t explain it but it’s nice, gives you roots within an area. As always neo-liberal economics claims to ‘maximise utility’ but it cant capture everything.
They miss the massive spiritual element of owning a home. I can’t explain it but it’s nice, gives you roots within an area. As always neo-liberal economics claims to ‘maximise utility’ but it cant capture everything.
Well no actually. One of those parties has taken on a risk.
The housing market has been stuffed up by the government and the central bank. Mainly the central bank.
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