Landlords will only be able to raise rent once a year under new state legislation.
The limit on the number of rent increases each year comes into effect 1 July.
Limits apply to residential tenancies and rooming accommodation agreements.
These amendments will bring Queensland into line with other Australian jurisdictions and balance the rights and interests of those who rent, and property owners and investors to maintain rental supply.
It was one of several housing policy reforms to come out of the government’s housing roundtable.
“With more than one third of Queensland households renting, it’s vital that renters get a fair go,” Algester MP and housing minister Leeanne Enoch said.
“As we seek to modernise Queensland’s tenancy laws, we are determined to strike a fair balance which protects the interests of both renters and rental property owners.
“Acting quickly to limit rent increases is a critical government response to community concerns about the impact of current market conditions and cost of living pressures on renting households in Queensland.
“In addition to protecting the rights of renters and rental property owners, our rental law reform agenda seeks to improve stability in the rental market.”.
Meanwhile, parliament has also passed legislation setting caps on electoral expenditure for local government in Queensland, bringing the sector into line with a similar rules for state electoral spending and delivering on a State Government 2020 election commitment.
The caps will apply for the March 2024 local government elections.
Further information on Local Government electoral expenditure caps is available here.
