The Greens have doubled down on their call for a two-year freeze on rent.
A study conducted by the parliamentary library revealed that renters would be around $7.1 billion better off if rents were frozen.
According to the data, the average rent in the country has increased by 14% during that period.
It is now $3151 higher than the previous year. Max Chandler-Mather, a spokesperson for the Greens, said that a rent freeze would provide immediate cost of living relief.
According to him, a rent freeze would help families avoid homelessness by providing them with a financial cushion.
He said that rising rents are out of control and are forcing many Australians to live in cars and tents.
According to Leo Patterson Ross, the chief executive officer of the Tenants’ Union, Australians are struggling due to the rising cost of rent.
He noted that the supply and demand of rental properties are the factors that influence the price of rent.