Queensland renters are set to be slammed with price hikes up to nine times higher than the federal government’s modelling, exposing the Treasury’s estimate of a mere $2 rent rise as “pure fantasy”.
A damning new rental forecast from property data firm FoundIt reveals controversial tax overhauls restricting negative gearing will trigger a “perfect storm” for tenants already stretched to breaking point.
While the government claimed the reforms would add just couple of dollars to weekly rents, FoundIt’s capital-city forecast shows a grim reality for 39 sub-regions across Greater Brisbane. click here for more
