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The Guardian - AU
The Guardian - AU
Business
Tory Shepherd

Will rents rise by 30%? We don’t know, but the number of stories about rents rising definitely did

A man stands with arms crossed near a brick house behind a yellow
A rental property on the market in Melbourne earlier this year. Photograph: Jay Kogler/AAP

Brace yourself, The Australian warned on Tuesday, citing a note from the National Australia Bank to its clients: “Rents are projected to soar by as much as 30% over the next two years to compensate many landlords for the loss of property tax concessions” in the budget, its story said.

Hold on, NAB said. That was “one possible scenario” and “not a forecast”.

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