No silver bullet for renters: housing minister

. Vacancy rates remain at record lows around the country, while recent figures from property company CoreLogic showed asking rents across capital cities rose by a record 11.7 per cent over the past year.

Chris Martin, a senior research fellow at UNSW’s City Futures Research Centre, said the first thing states and territories should do was end no-fault evictions. “If you add on additional burdens to investors, they are then more inclined potentially to sell rather than hold the asset, which of course just feeds into the supply problem, which keeps pushing rents up.”Martin said that argument did not float. Recent research he conducted for the Australian Housing and Urban Research Institute found that changes to rental regulation did not lead to a big sell-off from landlords.

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