Fastest rent hikes in Australia show why Victoria needs rent caps — saving renters $15,590 by 2030
Australian Greens Victoria
Melbourne renters are being slugged with the fastest rent increases in the country, with new figures showing the city's median weekly rent jumped by more than $20 (3.5 per cent) to $600 in the June quarter.
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Quoted from this source 3 passages
“Rent caps would save the average Victorian renter more than $15,500 over the next four years. That's money people could spend raising their kids, paying the bills or saving for a home — instead of paying off their landlord's house.”
“Renters keep getting hit with outrageous rent increases simply because landlords know they can get away with it under Labor. These figures make one thing crystal clear: we urgently need rent caps.”
“Renters don't need more excuses. They need lower rents.”
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