Rent caps 'almost inevitable', property manager says - News Summed Up

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Rent caps 'almost inevitable', property manager says


Controversial changes to the tax treatment of landlords mean that rent controls are now “almost inevitable”, a property management consultant is warning. While Robertson would not comment on whether that could mean national or targetted rental increase caps, property management consultant David Faulkner, of Real-iQ, said some sort of rent controls were now “almost inevitable”. “And this is why I believe we will see rent controls kick in. Following the end of the freeze, rents continued to increase and the prospect of rent caps being introduced started to come up. “With the rent freeze no longer in play, recent healthy homes requirements, and a general shortage of rentals, a rise in rent inflation was already on the cards prior to last week's announcement.


Source: Stuff March 29, 2021 01:52 UTC



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