“An increase in rental supply means higher rental vacancies and lower rents than would otherwise be the case.
The benefit to renters from improved rental affordability was directly recognised by the Henry Tax Review (2010), commissioned by the current Opposition, which noted that ‘the current tax advantages available to highly geared investment can operate as a subsidy to renters by placing downward pressure on rents”, added Mr Sanders.
For more information, read the full media release on the Real Estate Institute of Australia website here.