New government should build on record
Congratulations to the Andrews Government on securing a third term in office. As the peak body for renters and running a legal service exclusively focused on supporting renters, we look forward to working with incoming ministers on key challenges affecting our state’s nearly 2 million renters.
Spiralling rents remain a real cost-of-living pressure point for people on low to middle incomes. ANZ economists this week forecast that rents will continue to climb while the pool of available properties remains small by historic standards. Another source, the Rental Affordability Index released by our sector colleagues at National Shelter, paints a troubling picture, including for renters looking for homes in regional Victoria.
Premier Daniel Andrews and his government built a record in supporting renters with the implementation of over 130 welcome reforms to the Residential Tenancies Act 1997 and targeted financial supports for renters in the early phase of the pandemic. Building on these foundations, there is more scope for reform, including a ‘fairness formula’ to regulate future rent increases in the capricious private rental market.
Here at Tenants Victoria, we’ve identified 3 top priorities for the State Government to help renters in its new term.
Check them out on our website.