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Neil Breen: Price-gouging in SEQ rental market ‘out of control’

neil breen
Article image for Neil Breen: Price-gouging in SEQ rental market ‘out of control’

Neil Breen says there “needs to be a movement” to stop the price-gouging going on in the real estate industry when it comes to rental properties in south-east Queensland.

He says it’s become a free-for-all and it’s out of control.

“I have no doubt about the disgraceful price gouging that’s going on in south-east Queensland at the moment, when it comes to rents.

“Landlords via real estate agents are behaving dreadfully.”

He shared a story from a friend, who had been renting in South Brisbane.

Press PLAY below to hear him explain what happened

CEO of Tenants Queensland Penny Carr says they’ve received 160 enquiries about rent increases in the last two months alone to their statewide advice hotline.

“On average they are $100 a week, but the largest one in that time period was $705 a week,” she told Neil Breen.

“It was a share house of 6 people going up from $795 to $1500 a week, it’s phenomenal.”

Press PLAY below to hear what she thinks should happen to help in the rental crisis

 

 

neil breen
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