The new Quarterly Rental Review from Cotality (formerly CoreLogic) shows that rents are continuing to rise and vacancy rates lower, while landlords’ profits go up. Despite this, the Liberals continue to reject rental reforms and are focussed on a billion-dollar stadium instead of building homes for vulnerable Tasmanians.
Rents in Hobart rose by 6.2% in the last year – the second largest increase in the nation. Meanwhile, landlords have pocketed a 4.3% increase in profits. The vacancy rate has dropped to 1.2% this quarter, compared to 2.4% twelve months ago.
The Liberals have done nothing over the last decade as rents have gone through the roof. Finding an affordable place to live is becoming impossible. Tasmanians are doing it tough in the housing and cost of living crises.
The Liberals have sat on their hands while Tasmanians’ rentals have been converted to short stay accommodations. They’re focussed on building a stadium instead of homes for Tasmanians. It’s no wonder vacancy rates are so low.
This state has some of the weakest rental laws in the country. It’s allowed landlords to jack up rents unfairly and pocket more profits. This Parliament, more progressive and collaborative, presents a new opportunity to address some of these issues and restore some balance in favour of renters.
