Will rents really increase as a result of property market legislation changes?
Alide Elkink
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March 29, 2021
If the media reporting is representational of widespread views, the changes to the property market announced by the Government this week have not made renters happy. They claim the changes do nothing to help them. In this they are quite correct – the changes were not intended to help them. They were specifically intended to deter investors from purchasing properties in an attempt to tip the balance in favour of first home buyers. The Residential Tenancies Amendment Act (RTAA) 2020, introduced in August last year, made the changes intended to help renters.
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