Landlords furious over proposed changes
- This topic has 4 replies, 5 voices, and was last updated 5 months, 1 week ago by Sadie Mehan.
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13 June 2024 at 2:20 pm #1835025Brad LockyerKeymaster
Landlords in Victoria are crying foul over proposed new laws that they say will lead to a ‘mass exodus’ of investors from the state.
Under the proposed changes, landlords would need to ensure their rental properties were ‘energy efficient’ according to the Victorian government’s standards.
Being energy efficient would include things such as installing ceiling insulation where none exists, drought proofing with weather seals on all external doors, four-star shower heads in all showers, new electric hot water systems and three-star efficiency cooling for systems in the main living area.
If successful, the proposed changes would come into effect from October 2025.
But some landlords are up in arms over the proposal, with one telling news.com.au the new rules were “delusional”.“Renters will soon have better homes than some owner properties!” another whined.
They claim the new rules will lead to investors selling their properties en masse, further worsening the rental crisis.But supporters of the rules claim all they are doing is making sure rental properties are up to minimum building standards. What do you think?
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14 June 2024 at 8:05 am #1835074David RyderParticipant
The private rental market is just a giant tax dodge and profit spinner for the mostly already wealthy. That is a major factor generating our highly overpriced housing market and homelessness or paying high rent to live in a substandard house.
The landlord class have had it too good for too long. -
14 June 2024 at 8:09 am #1835076JimParticipant
Landlords will put up rents to pay for the changes, making rental properties even more expensive and possibly pushing more people onto the streets, it has nothing to do with bringing properties up to minimum standards, but more to do with pushing an environmental agenda, it could easily spread to other states, forced compliance to climate control, so some people will be onboard no matter the consequences to others, although the activists will say it’s necessary to bring down global pollution
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14 June 2024 at 4:06 pm #1835198KayJayParticipant
Agree with Jim- this is nothing more than a push to make all homes compliant with the Climate Change Wokes- Victoria has the largest proportion of these people. Enforcing these requirements will increase the rental costs (owners have to generate sufficient returns to make rental viable) The cost to put in place several of these proposals would take many rentals off the market.(like new electric hot water services – heat pumps cost over $5000 even after State subsidies and the same with air conditioning)
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14 June 2024 at 5:37 pm #1835215Sadie MehanParticipant
As a Landlord in NSW & Previous in Tasmania I could not warrant the expense of that kind of upgrade. The Tasmania property was sold due to Crappy Tenants & Real Estate Agent. When you do your Tax and see you made $3000.00 for the year it is not worth the headache. If I had an Investment Property in Victoria I would be listing it Straight away. I would not be waiting on their decision. RUN RUN as fast as you can. The Greens, Wokes & Teals are trying to give more rights to the Tenants than the Landlords, SELL NOW. David Ryder your comments are uneducated. Mother & father Investors if they were given more incentive to Invest we would not have the rental crises we have today in all States of Australia. David you sound like a renter that is Self Entitled wants everything for nothing you just might end up in a TENT.
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