A real estate peak body in Queensland has criticised the Australian Greens Party for proposing a bill that would suspend rental prices in the state, saying it was out of touch with reality.
This came after Greens MP Amy MacMahon tabled a private member’s bill to the Queensland parliament on Aug. 31. If approved, it would cap all rent increases at two percent every two years after August 2024.
Earlier, the Greens made a similar proposal to the federal government, which was similarly rejected.
In a statement, the Real Estate Institute of Queensland (REIQ) said the Greens’ proposal was based on ideology with limited appreciation of economic, commercial and practical reality and that the organisation was disappointed with MacMahon’s comments on property owners….