When it comes to Australia’s housing crisis, real estate agencies are part of the problem, but the root issues come down to policy.
The Albanese government is trying to have a bill passed that would help first home buyers through shared equity.
Labour introduced a $10 billion fund to help build affordable and social housing, and have pending reforms for renter rights.
Greens MP Max Chandler-Mather said it’s not time for a royal commission, but for bigger, bolder policies.
Chandler-Mather explains on the final episode of The Briefing’s three-part series, ‘Real Estate Royal Comission’:
“We already know a lot of the solutions we need to tackle the housing crisis,” Chandler-Mather said.
These include capping and freezing rent increases, longer leases, stronger renter rights, more government-built housing, as well as less tax concessions for investors.
“If you rent to say had a five, ten year lease, and every year their rent increases were capped to a certain amount, it’d be very difficult for the real estate agency to abuse the power in the way they do,” he said.
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