ACT Budget: What your rates bill will be in 2025-26

Not really. I just tried out the ACT rental increase calculator. Based on a $500 pw rental last increased 12 months ago, the maximum it can increase to under the law is $504. That’s $208 extra p.a. so less than the $250 new levy, let alone accounting for inflation and rates and land tax increases. For increases above the limit, the tenant needs to agree or you have to get ACAT to agree. It may be worthwhile landlords asking tenants to agree to a $5pw immediate increase as a result of this levy (plus extra for the above inflation rates and land tax) and where they don’t agree, flooding ACAT with applications for above limit increases – on the basis it is the people living in the property who will benefit from the health services provided by government, not the landlord, so it’s the people living in the property who should pay the levy. There would be no better way to raise awareness of the government’s tax grab amongst the whole population.

Cynical,
You could always do what i did if your close to 60 and retirement. I sold the investment and paid off the final payment of my PPOR and dumped a bit into Super to drag back out tax free at a later date, i will let it compound for a bit thou.
Also spend some cash on things that needed to be done on my home. The dear old Govt is down around $5000 in land tax also as it wasn’t brought by another investor.

The limit on rental increases only applies to increases during or on renewal or extension of any given lease.

It doesn’t apply if the lease is terminated and a new lease entered into with a new tenant.