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Soaring ACT rents undercut Greens call for caps

Michael Read
Michael ReadEconomics correspondent

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Rent controls in Canberra have not stopped lease costs in the national capital growing faster than the national average over the past four years, undercutting the Greens’ key demand to the Albanese government.

But a push by the Australian Capital Territory (ACT) government to boost density in existing suburbs could provide some relief for Canberrans, who pay some of the highest rents in the country.

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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com

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    Original URL: https://www.afr.com/policy/economy/soaring-act-rents-undercut-greens-call-for-caps-20230626-p5djey