Rent Control for Australian Renters

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excessive rent increases

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Relief for tenants: rent control would return the rate of rent increases to historical norms

Summary

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89% Informative

Nearly a third of Australian households are renters in a housing market that does not offer living space at a reasonable cost.

Rent increases are exceeding the rate of increases in wages and inflation (CPI) In Europe , rent controls are widespread in Europe , New York City , the larger cities of California , and several Canadian provinces.

In Australia , only ACT has adopted rent controls.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/jun-quarter-2024 https://www.ceicdata.com/en/australia/consumer-price-index-198990100/cpi-housing-rents-rents https://www.domain.com.au/money-markets/six-costs-you-need-to-be-prepared-for-when-buying-an-investment-property-1171417/https://sfrb.org/sites/default/files/FileCenter/Documents/1869-costandaffordability.pdf https://www.smh.com.au/politics/federal/the-one-place-in-australia-with-rent-control-20230609-p5dfar.html https://housingevidence.ac.uk/publications/rent-control-principles-practicalities-and-international-experience/https://www.investopedia.com/articles/mortgages-real-estate/10/increase-your-real-estate-net-worth.asp https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/2019-20

Source diversity

www.abs.gov.au www.ceicdata.com www.domain.com.au sfrb.org www.smh.com.au housingevidence.ac.uk www.investopedia.com

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