Potentially in the short term, if government were to introduce such tax policies as changes to the status quo. These types of short term changes/issues can perh

Potentially in the short term, if government were to introduce such tax policies as changes to the status quo. These types of short term changes/issues can perhaps be remedied via short term tax credits or similar for those renters impacted. In the longer term and at the macro level, renting ultimately competes with cost of mortgaging. If the cost of home ownership goes down, so should rents. Again, government backed loans could help those renters who can afford the monthly repayments but lack the upfront deposit/capital to purchase. What is needed is lower residential house purchases prices which will flow into rental costs (eventually). In the long run, rents are always based on the underlying asset value. The other thing that could help lower residential property prices is obviously on the supply side, which I have deliberately avoided.