❓ Hon Wilson Tucker questions the Minister for Commerce about measures to assess the impact of annual rent increases following tenancy reform changes. The Minister responds by outlining data sources used to monitor the rental market.
AnsweredQoN 913Legislative Council
QuestionView source ↗
RESIDENTIAL TENANCIES — RENT INCREASES —
FREQUENCY
913. Hon WILSON TUCKER to the Minister for Commerce:
I refer to the tenancy reform
changes that mandate rent increase frequency to a minimum of 12-month
intervals. With no limit on the amount that rent can be increased by, landlords
can impose higher annual increases potentially exceeding the cumulative effect
of biannual adjustments.
What measures are in place to assess
and quantify the impact of rent hikes resulting from this change?
FREQUENCY
913. Hon WILSON TUCKER to the Minister for Commerce:
I refer to the tenancy reform
changes that mandate rent increase frequency to a minimum of 12-month
intervals. With no limit on the amount that rent can be increased by, landlords
can impose higher annual increases potentially exceeding the cumulative effect
of biannual adjustments.
What measures are in place to assess
and quantify the impact of rent hikes resulting from this change?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
The Cook government's
reforms to the Residential Tenancies Act balance the rights of tenants and
landlords and include banning the
solicitation of rent bidding and limiting rent increases to once every 12 months.
These measures provide greater certainty to both landlords and tenants
when planning their household expenses. The Department of Energy, Mines,
Industry Regulation and Safety regularly uses a range of data sources to
monitor the Western Australian rental market. The data sources include publicly
available data from the Real Estate Institute of Western Australia about
increases in the median rent, along with information on increases in bonds
lodged with the bond administrator.
some notice of the question.
The Cook government's
reforms to the Residential Tenancies Act balance the rights of tenants and
landlords and include banning the
solicitation of rent bidding and limiting rent increases to once every 12 months.
These measures provide greater certainty to both landlords and tenants
when planning their household expenses. The Department of Energy, Mines,
Industry Regulation and Safety regularly uses a range of data sources to
monitor the Western Australian rental market. The data sources include publicly
available data from the Real Estate Institute of Western Australia about
increases in the median rent, along with information on increases in bonds
lodged with the bond administrator.
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