A loophole within the state authorities’s guidelines limiting lease rises means landlords can earn more money by dumping current tenants.
From July 1, the change means landlords can solely improve a tenant’s lease as soon as in a 12-month interval until the tenant leaves.
The new occupant can legally be charged a newly hiked lease, leaving tenants with few choices.
Even if a tenant is prepared to pay a rise to have the ability to keep of their residence, the brand new legal guidelines forestall them from making the selection.
The legal guidelines have been created to assist deal with a worsening scarcity of reasonably priced housing though some within the business are vital of what they name an absence of session.
“What we’re seeing is the result of legislation that has been rushed through,” Real Estate Institute of Queensland CEO Antonia Mercorella stated.
New Housing Minister Meghan Scanlon has denied her authorities’s legal guidelines are incentivising evictions.
“I don’t believe that, that that’s what the legislation is doing,” Scanlon stated.
Shadow housing minister Tim Mander described the choice as a “kneejerk decision”.
“The consequences are that good people are getting kicked out of their homes,” he stated.
Source: www.9news.com.au
