Landlords will only be able to raise rent once a year, under new reforms announced by the Queensland government.
Developers will also be given tax breaks in a bid to bring more properties onto the market and address the escalating housing crisis.
The sweeping changes were announced by Premier Annastacia Palaszczuk today at Parliament House.
Under the changes, the government wants private investors to be part of the solution, by making it more attractive for developers to add to the housing supply.
Land tax will also be slashed by up to 50 per cent for build-to-rent developments that feature at least 10 per cent of rental homes as affordable housing, driving more investment to deliver new rental supply.
“More build-to-rent projects will mean more homes available for long- term rental including more with affordable rents,” Treasurer Cameron Dick said.