March 21, 2025 - 09:36
As rental prices continue to soar, a landlord has called for increased scrutiny of the real estate industry, claiming that agents play a significant role in the ongoing housing crisis. The landlord argues that the practices of real estate agents contribute to inflated rents, making it increasingly difficult for tenants to find affordable housing options.
In response to the growing concerns, the Real Estate Institute of Victoria has proposed reforms to land tax as a potential solution. They believe that adjusting land tax policies could relieve some of the financial pressure on housing providers who are willing to offer long-term leases. This proposal aims to create more stability in the rental market, ultimately benefiting both landlords and tenants.
The ongoing debate highlights the complexities of the housing market and the need for collaborative efforts from all stakeholders to address the issues at hand. As discussions continue, the focus remains on finding effective solutions that ensure fair housing for all residents.
