The Real Estate Institute of Queensland (REIQ) has criticized a proposal to create a ‘landlord register’ that would publish the number of properties owners can own and where they live.
The proposal, put forward by Tenants Queensland, argues that such a system would balance the supposed power imbalance between landlords and tenants and maintain “dishonest landlord honesty”.
“When renters are trying to secure a property, they usually give the real estate agent a lot of information about themselves before they even see the property. [the renter] Penny Carr, CEO of Tennant Queensland, said: Guardian.
She said the policy could also outline whether a landlord rents out properties on a short-term or long-term basis and whether they are vacant.
“Usually there are winners and losers in policy, so we want to know who benefits when making policy decisions,” she said.
The Australian Housing and Urban Institute backed up the comments, saying landlord registers could keep a small number of “cowboy” landlords in check.
“We have to balance the use of the asset as an investor’s nest egg with the use of the asset as a nest for the people who live there,” said Michael Fotheringham, managing director of the Institute. The balance is still tipping in investors’ favor.”
Square peg for round hole
In response, REIQ CEO Antonia Mercorella said the registry would do little to address the housing crisis affecting the state, pointing to the extensive regulatory regime already in place. Did.
“The government, at all levels, is already aware of the property owners and the numbers that provide housing to Queenslanders. Publishing, I definitely know how to get in touch with them,” she said in a statement on Oct. 13.
“Also, if landlord rosters were created under the guise of informing government policies, there would inevitably be incentives to find new ways to use them to punish investors and enforce decisions about how assets should be used. I am afraid that it will be revealed.”
Mercolera also said the relationship between tenants and landlords is already governed by standard contracts.
“This means that all persons in a rental relationship have the ability to communicate as appropriate, and given the ongoing obligations between the parties, it is important to keep these lines of communication open. It’s in everyone’s interest to keep it,” she said.
The state is currently grappling with a housing and rental crisis caused by high interstate migration from the southern states of New South Wales and Victoria during the pandemic years.
In fact, in the year to March 2022, the state’s population increased by 53,984. Australian Bureau of StatisticsA much larger net profit than any other state or territory.