Aussie tenant slams budget changes after rent explodes

A Sydney renter has called out Prime Minister Anthony Albanese’s changes to negative gearing and capital gains tax after her rental payments ballooned by $100 a week. Investment strategist Jessica Amir was paying $700 a week for her one-bedroom apartment near the beach but said that price jumped immediately after the federal budget changes in May. Mr Albanese moved to overhaul negative gearing and capital gains tax incentives in a bid to shift Aussie investors away from purchasing existing properties and into building new ones. But Ms Amir said the real impact was being felt by struggling renters because investors abandoning the property market meant less rental stock, greater competition for residential leases and skyrocketing prices. “My rent increased by $100 to $800 per week after the Anthony Albanese government’s capital gains tax changes,” she said on social media. Jessica Amir says she was already living in a mould-infested apartment and then she copped a $100-a-week rent rise. Picture: Supplied “For $800 per week, I rent a one-bedroom, one-bathroom apartment.” It is a trend playing out across the city, with some tenants being hammered with rent hikes of over $150 a week. Ex...