4 ms·
That that has anything to do with rent control is an absolute myth. Two counter examples are Sydney and Melbourne, both don't have rent control, Australia has b
by cycomanic 6y ago
That that has anything to do with rent control is an absolute myth. Two counter examples are Sydney and Melbourne, both don't have rent control, Australia has big incentives for investing in housing (tax reductions if you don't live in the house). Both cities have seen an explosion of rents (10% year on year is not uncommon) and a building boom of cheap apartments that are only rented out via Airbnb. I can tell from experience that landlords do the absolute minimum they are legally required (mostly even less) and tenants are afraid to complain because they need the references when moving.