ACAT recommends a rent increase is excessive if it is 110 per cent or more of annual CPI (inflation). Tenants can complain to the ACT Civil and Administrative Tribunal (ACAT) if the rent increase is deemed excessive. In line with the 'prescribed amount' as set out in the regulation. Tenants can complain to the Residential Tenancy Commissioner if they deem the rent increase to be excessive. Tenants can complain to the South Australian Civil & Administrative Tribunal within 30 days if deemed excessive.īy a 'reasonable' amount. Tenants can apply to the WA Magistrates Court if they feel the increase is excessive.
Tenants can complain to Queensland Civil and Administrative Tribunal within 30 days if deemed excessive. Tenants can complain to Victorian Civil and Administrative Tribunal within 30 days if deemed excessive. Tenants can complain to the NSW Civil and Administrative Tribunal within 30 days if deemed excessive. 'Otherwise, Australia's rental crisis will become a permanent feature of Australia,' he said.
Mr Van Onselen said if politicians really want to fix Australia's housing crisis, they must start by curbing migration growth so that demand better matches supply. Like we saw in 2022, we are expecting further financial stress in 2023.' 'Ensure you're able to afford any rental increases before you sign away on the dotted line. 'We don't want to see Australians dipping into their savings to cover daily expenses like rent,' Mr Portman said. The massive rent increases are also affecting people's saving, with Compare the Market's findings showing 27.1 per cent of Australians haven't been able to save anything, 36.8 per cent haven't been able to save as much as they usually would and 12.1 per cent have seen their savings go backwards.
The University of NSW City Futures Research Centre, found that Australia's social housing stock grew by 9 per cent in the 14 years to 2020, but the immigration-driven population growth was 25 per cent in the same period. The post-Covid migrant intake is going from 35,000 to 195,000 - way up from the long term trend has been 100,000. It's not just rate rises that has led to rental increases - there is increased demand too, especially since borders have reopened and international students have returned.Īccording to economist Leith van Onselen, Australia's rental crisis is self-inflicted by very high levels of migration. 'As long as those rates continue to rise, it's fair to say that renters could continue to feel the brunt in the coming months.' He said with homeowners having got nine consecutive rate rises: 'many landlords are passing these costs onto their tenants, which is why we're seeing rental prices soar around the country. Mr Portman said that 'Over a year, it's enough to pay for a return trip overseas, fill up a 50-litre tank car around 22 times or potentially pay for more than a year's worth of electricity.'
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