Landlords would only be able to increase rent once every two years and may face a cap on the amount they can hike it by under sweeping planning and housing reforms being considered by the Andrews government.
The trouble is that in the long term, without additional schemes to encourage construction (or public housing construction), rent controls discourage new dwelling construction.
However it is still a solvable problem. For example Germany subsidises new builds, as long as you do agree to rent controls. Hence housing co-ops and private investors are encouraged to invest in affordable housing.
The trouble is that in the long term, without additional schemes to encourage construction (or public housing construction), rent controls discourage new dwelling construction.
However it is still a solvable problem. For example Germany subsidises new builds, as long as you do agree to rent controls. Hence housing co-ops and private investors are encouraged to invest in affordable housing.