Landlords will only be allowed to increase rents once a year under a proposal by the Queensland Labor government.
Premier Annastacia Palaszczuk made the announcement prior to the second Housing Summit on March 28, which brings the state in line with Victoria and South Australia.
“Today we’re taking action to give people who are renting a fairer go,” she wrote on Facebook. “Weekly rents are rapidly increasing—sometimes going up $200 or even $400.
“It’s not right. That’s why we’re proposing to limit rent increases to once a year rather than every six months.”
Queensland Premier Annastacia Palaszczuk speaks at Yeronga High School in Brisbane, Australia, on May 7, 2022. (Bradley Kanaris/Getty Images)
Currently, landlords can raise a tenant’s rent once every six months, but the premier is looking to limit that to once a year….