Victorian Government Rental Reforms Will Increase Prices
First National Real Estate’s chief executive, Ray Ellis says that rental reforms announced by the Andrews Government stand to hurt tenants more than they will help them, and will ultimately drive up rental prices.
“Far from protecting vulnerable tenants, the Andrews Government’s proposed reforms will prompt an increasing number of landlords to exit the market, further reducing the number of properties available for rent” said Mr Ellis.
“This will make other states more attractive to investors and exacerbate Victoria’s already significant shortage of affordable rental housing stock, driving up prices in the process.”