Rising interest rates and inflation also placed further pressure on the budgets of both renters and owners.
In response, tenant advocates and researchers have urged the government to focus on the stated purpose of Tuesday’s talks – as well as the second stage ofA researcher from Sydney’s City Futures Research Centre at the University of New South Wales, Chris Martin, whose work has covered Commissions of 7 per cent to 9 per cent of weekly rents – themselves up 11.4 per cent last year – are the usual payment for property management services, according to industry sites and the REIQ, alongside other costs for lease renewals, re-letting and advertising.
While accepting that bad or insensitive behaviour was sometimes seen in the sector, as an exception, Mercorella said it was also common for property managers and owners to set prices below market value to retain tenants and maintain affordability.She pointed out that private investors own most of the rental properties in Queensland, where about one-third of households rent.