Rent control now
Recently, one man came into my office because he’d applied for 50 rental properties and been refused for each one.
Melbourne is in a rental crisis. Rent prices have gone up 4.9% a year for a decade, more than twice the growth of wages. The Anglicare rental affordability report last year found that of over 11,000 rental listings across metropolitan Melbourne, only 38 were affordable to someone on the minimum wage. 38.
The government gives tax breaks to investors to buy their fourth, fifth or sixth home while renters pay the price. The system is rigged.
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