Concerns landlords will use renovations to hike rents

Photo © Pixabay

There are concerns some landlords are using renovations as a way to hike rents above their capped rates.

Under Government legislation, landlords can’t raise rents by more than 4 per cent in rent pressure zones.

However, they can increase it by more than that if they’re carrying out major renovations.

But Tracey Murphy from Threshold says some landlords are abusing this process.