Is a price ceiling the answer to "out of control" rent?
Is a price ceiling the answer to "out of control" rent? The Greens party thinks so and is calling for a freeze on rents for two years. Their reason? The price of rent is out of control. It’s no secret rental prices are higher than ever and the rental crisis - a dire shortage of rentals - is impacting towns and cities across Australia.
But what effect will a price ceiling have on rental supply?
We’ve published a simple explainer that illustrates how rent controls have played out in the past, and how they impact supply and demand of the rental market.