Rents to jump 350 per cent under budget measures, modelling shows

Shock data: Rent to surge, new builds drop under tax changes

Rental costs will surge by 350 per cent and the number of new homes built will plummet by about 2000 every year under Anthony Albanese’s contentious tax overhaul, the nation’s peak housing groups have revealed.

'Vested interests' protest against housing tax changes

Rival forecasts showing a dire outcome for renters from the government’s tax changes are being dismissed by Labor as the work of “vested interests”. Health Minister Mark Butler said it was hardly surprising the real estate lobby would defend the status quo after property industry groups released modelling claiming the impact of the tax package would be worse for rent prices and housing supply than Treasury forecasts. The modelling, conducted by …

Rents to jump 350 per cent under budget measures, modelling shows

A trio of real estate bodies have claimed this year's federal budget will increase rents by more than four times the government's $2 claim.Master Builders Australia, the Property Council of Australia, and the Real Estate Institute of Australia have released new modelling by Qaive and Tulipwood which appears to show the budget's housing measures will cause rents to rise by $9 a week - a 350 per cent increase on that forecast by the budget - whi…

Rent shock warning: Industry says budget will sting tenants 350 per cent harder than Treasury claims

Treasury reckons the federal budget will nudge rents up by about $2 a week. Industry-commissioned modelling cited by major property and building bodies puts the figure closer to $9. That is a yawning gap, and one worth understanding whether you own an investment property, rent your home, or simply worry about where your grandchildren will live. The numbers behind the stoush Modelling by Qaive and Tulipwood Economics was commissioned by Master …