There is a growing push for rental caps — or even a freeze on increases entirely — as the housing crunch continues, however, despite it being a "viable" short-term solution, some analysts fear the policy could negatively affect both investors and tenants.
On Tuesday night, the federal government announced a 15 per cent increase to the maximum rate of the Commonwealth Rent Assistance program — up to $31 a fortnight — from September as part of its budget.
The government described it as the largest increase to the program in more than three decades, and said it would help more than a million low-income Australians manage the rising cost of living.
