The Premier’s proposal to introduce a cap on private rentals is attracting criticism, with economists describing the idea as a “bloodbath”. 

Annastacia Palaszczuk says she’s “very concerned” about the state’s housing crisis, following revelations 150,000 households are in critical housing stress.

Reforms to cap rental prices will be discussed at a Housing Summit roundtable meeting next week but Today reporter Mia Glover told Laurel, Gary & Mark there’s warnings against the move.

“Some landlords may be forced to sell because they themselves can’t afford to pay their mortgage repayments and that would then also reduce the already low rental stock on the market.

“It’s a really tricky sort of situation and you can see both sides of the argument.”

Press PLAY below to hear Mia Glover’s report in full 

Economist Cameron Murray told Sofie Formica the idea of a price cap isn’t new.

“Across a lot of Europe and historically in Australia, we’ve had limits on how much you can put rents up each year,” he said.

“It might be that the maximum increase in rent is the CPI that year, so if you have a sitting tenant, you can’t shock them with a 20 per cent price rise if the CPI’s only four per cent that year.”

Press PLAY below to hear where Dr Murray stands on the caps 

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