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Regulation of residential tenancies and impacts on investment

Author

Listed:
  • Martin, Chris
  • Hulse, Kath
  • Ghasri, Milad
  • Ralston, Liss
  • Crommelin, Laura
  • Goodall, Zoë
  • Parkinson, Sharon
  • Webb, Eileen O’Brien

Abstract

This research reviews the evidence-base about factors impacting and shaping rental investment; reviews the state of residential tenancies laws across Australia; and presents options for a renewed reform agenda. The regulation of the Australian private rental sector (PRS) directly affects about 40 per cent of Australian households: the 26 per cent who live in private rental housing as tenants, and the 14 per cent who own it as landlords. Reform of regulation of residential tenancies processes are underway or have recently concluded in different jurisdictions. These processes, however, have mostly been uncoordinated at a national level and significant divergences and gaps have opened up in the laws. The research finds little evidence that Australian residential tenancies law has impacted investment in private rental housing. On the contrary, Australian residential tenancies law has accommodated, even facilitated, the long-term growth of the PRS and of its particular structure and dynamic character. However, the small-holding, frequently-transferring character of the PRS presents basic problems for tenants trying to make homes in it. The research also presents a number of issues that could be considered as part of a national agenda for residential tenancy law reform.

Suggested Citation

  • Martin, Chris & Hulse, Kath & Ghasri, Milad & Ralston, Liss & Crommelin, Laura & Goodall, Zoë & Parkinson, Sharon & Webb, Eileen O’Brien, 2022. "Regulation of residential tenancies and impacts on investment," SocArXiv sr65b, Center for Open Science.
    • Handle: RePEc:osf:socarx:sr65b
    DOI: 10.31219/osf.io/sr65b
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    References listed on IDEAS

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    1. Adriana Mihaela Soaita & Beverley Ann Searle & Kim McKee & Tom Moore, 2017. "Becoming a landlord: strategies of property-based welfare in the private rental sector in Great Britain," Housing Studies, Taylor & Francis Journals, vol. 32(5), pages 613-637, July.
    2. Kath Hulse & Margaret Reynolds & Chris Martin, 2020. "The Everyman archetype: discursive reframing of private landlords in the financialization of rental housing," Housing Studies, Taylor & Francis Journals, vol. 35(6), pages 981-1003, July.
    3. Nicole Gurran & Peter Phibbs, 2017. "When Tourists Move In: How Should Urban Planners Respond to Airbnb?," Journal of the American Planning Association, Taylor & Francis Journals, vol. 83(1), pages 80-92, January.
    4. Gavin A. Wood & Rachel Ong, 2013. "When and Why Do Landlords Retain Property Investments?," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3243-3261, December.
    5. Martin, Chris & Hulse, Kath & Pawson, Hal & Hayward, Richard Donald, 2018. "The changing institutions of private rental housing: an international review," SocArXiv dzyrm, Center for Open Science.
    6. Wright, Danika & Yanotti, María B., 2019. "Home advantage: The preference for local residential real estate investment," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    7. Crommelin, Laura & Troy, Laurence & Martin, Chris & Parkinson, Sharon & Hayward, Richard Donald, 2018. "Technological disruption in private housing markets: the case of Airbnb," SocArXiv cb8z3, Center for Open Science.
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