This was known in the anti-tobacco legislation world as the “scream test”. If there is a sufficiently loud fuss being kicked up, you know your legislation will probably work.
*[…] Industry bodies Property Council of Australia Queensland, Real Estate Institute of Queensland (REIQ), and Urban Development Institute of Australia Queensland (UDIA) warned that renewed discussions on rent caps, freezes, and other controls could severely damage investor confidence, further reducing the availability of rental properties.*
*Jess Caire (pictured above left), executive director of the Property Council’s Queensland branch, stressed the detrimental effects of government intervention in the rental market.*
*“Any government intervention in the setting of private rents – whether through rent caps, freezes, or controls, whatever name you want to give it – has the same chilling effect on investor confidence,” Caire said.*
*[…] REIQ CEO Antonia Mercorella (pictured above centre) voiced deep concerns over rumors that rent caps could become an election promise by the Miles government.*
*“Just as we are preparing to usher in yet another round of rental law reforms at the end of this month, investors are confronted with the catastrophic prospect of rent caps,” Mercorella said.*
*[…] Kirsty Chessher-Brown (pictured above right), CEO of UDIA Queensland, called for a measured approach to addressing the housing crisis.*
*Chessher-Brown stressed that the shortage of new homes is already worsening and adding more barriers to investment would only exacerbate the problem.*
deadseraphim_ on
oh no, they may have to sell their investments at a loss and free up housing supply for potential owner occupiers. it would be such a tragedy if the prices crashed due to this terrible, no-good, very bad plan.
stilusmobilus on
If these people are worried about it that’s enough for me.
Author-N-Malone on
Maybe it’s ignorance, but wouldn’t pushing investors away be a good thing, because it would allow for more people here in Australia to buy homes, rather than having all the properties owned by a few people who might not even live in the country?
A lot of people don’t want to rent, they want to be able to own their home.
Mindless-Location-41 on
How about the government simply having the guts to significantly and responsibly increase the levels of public housing to sufficient levels to cover all of the people who cannot afford to currently rent on their income? They are paying rent assistance anyway so why not do the smart thing and increase public housing levels? The money for rent assistance would not be needed then. Governments need to actually do some things themselves without having the need to increase the levels of private investors who all need to make a profit.
DunceCodex on
Are investors actually buying newly built homes?
IBelieveInCoyotes on
do the opposite of what these carcinogenic parasites say
8 Comments
This was known in the anti-tobacco legislation world as the “scream test”. If there is a sufficiently loud fuss being kicked up, you know your legislation will probably work.
Public discussion of government policy has ‘chilling effect on investor confidence’, says [investor services industry](https://www.propertycouncil.com.au/media-releases/take-rent-controls-off-the-table).
Excerpts from [article](https://www.brokernews.com.au/news/breaking-news/industry-urges-end-to-rent-controls-285715.aspx) by Mina Martin:
*[…] Industry bodies Property Council of Australia Queensland, Real Estate Institute of Queensland (REIQ), and Urban Development Institute of Australia Queensland (UDIA) warned that renewed discussions on rent caps, freezes, and other controls could severely damage investor confidence, further reducing the availability of rental properties.*
*Jess Caire (pictured above left), executive director of the Property Council’s Queensland branch, stressed the detrimental effects of government intervention in the rental market.*
*“Any government intervention in the setting of private rents – whether through rent caps, freezes, or controls, whatever name you want to give it – has the same chilling effect on investor confidence,” Caire said.*
*[…] REIQ CEO Antonia Mercorella (pictured above centre) voiced deep concerns over rumors that rent caps could become an election promise by the Miles government.*
*“Just as we are preparing to usher in yet another round of rental law reforms at the end of this month, investors are confronted with the catastrophic prospect of rent caps,” Mercorella said.*
*[…] Kirsty Chessher-Brown (pictured above right), CEO of UDIA Queensland, called for a measured approach to addressing the housing crisis.*
*Chessher-Brown stressed that the shortage of new homes is already worsening and adding more barriers to investment would only exacerbate the problem.*
oh no, they may have to sell their investments at a loss and free up housing supply for potential owner occupiers. it would be such a tragedy if the prices crashed due to this terrible, no-good, very bad plan.
If these people are worried about it that’s enough for me.
Maybe it’s ignorance, but wouldn’t pushing investors away be a good thing, because it would allow for more people here in Australia to buy homes, rather than having all the properties owned by a few people who might not even live in the country?
A lot of people don’t want to rent, they want to be able to own their home.
How about the government simply having the guts to significantly and responsibly increase the levels of public housing to sufficient levels to cover all of the people who cannot afford to currently rent on their income? They are paying rent assistance anyway so why not do the smart thing and increase public housing levels? The money for rent assistance would not be needed then. Governments need to actually do some things themselves without having the need to increase the levels of private investors who all need to make a profit.
Are investors actually buying newly built homes?
do the opposite of what these carcinogenic parasites say