Call for Rent Caps to Address Victorian Affordability

Currently, landlords must provide 90 days' notice for rent increases, but no maximum percentage is set, leading to significant hikes. Proposals suggest capping increases, possibly linked to the Consumer Price Index.

If a rent cap is introduced, investors in Melbourne's western growth corridor could see more predictable, but potentially slower, rental growth. Tenants would benefit from greater stability in housing costs, impacting affordability.