Changes to rent increase rules - Rental market reforms

We plan to introduce the following changes to rent increases from 1 March 2026:

• Nationwide rent control.
• Rent increases will be linked to inflation according to the Consumer Price Index (CPI).
• A 2% cap will apply during periods of high inflation.

Exception: Newly built apartments and student specific accommodation (commenced from 10 June 2025) will not be subject to the 2% cap. Their rent increases will follow CPI only. This policy is designed to encourage investment in new apartments and student specific accommodation for rent.

The Consumer Price Index is the official measure of inflation, used to track how the cost of living changes over time.