But Greens housing spokesperson Max Chandler-Mather said it was time Albanese intervened to freeze both rents and interest rates.
“This is a national housing and rental crisis that requires national leadership,and the Greens will have a bill before the Senate this budget week that will freeze rent increases and mortgages that Labor could pass straight away,” he said.
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“The big banks are recording record profits,property investors are about to pocket $12 billion in tax concessions,but renters and mortgage holders are getting screwed and it’s time Labor stood up for them and froze rents and interest rates.”
In Victoria and NSW,rent can be increased only every 12 months – but there is no cap on the dollar amount.
The ACT is the only jurisdiction in Australia that puts a cap on rent increases,with landlords unable to raise the rent by more than 10 per cent above the consumer price index for Canberra.
Albanese said on Friday each state and territory had measures onrental prices that were different from one another,which suggested that the frequency of rent rises and monetary increases would be on the agenda.