Rent Control Not A Panacea For Rental Pain
Contributed By: Claire Ryan - REIQ on
The Real Estate Institute of Queensland (REIQ) says calls from tenants’ advocates for rent control in Queensland is a short-sighted solution to a complex problem. REIQ CEO Antonia Mercorella said rent control would not be a panacea for the rental crisis and would likely have the opposite effect and exacerbate challenging rental conditions. “We are acutely aware of the devastating impacts of the rental crisis and against that backdrop, it’s understandable that some tenants’ advocates are proposing rent control as a solution – but rent control is not the panacea that many argue it to be,” she said. “It’s clear Queensland does not have sufficientRead More →