Fiji Time: 5:59 AM on Monday 31 August

Fiji Times Logo

/ Front page / News

Call for stay on freeze

Nasik Swami
Wednesday, April 16, 2014

THE decision by the Commerce Commission to lift the freeze on domestic rents would see an explosion of rent increases and cause more hardship for people already struggling with high living costs, says the Fiji Labour Party.

Party president Lavinia Padarath said the party also denounced the call by the commission for landlords to register their properties.

"This is just another instance of over-regulation by the authorities," Ms Padarath said.

"There is already too much interference, particularly with small business enterprises."

Ms Padarath said the requirement for registration of property ownership would be an imposition and was unnecessary.

"Domestic rent freeze was introduced to stop landlords from taking undue advantage of Fiji's serious housing shortage problem.

"Should domestic rents skyrocket, as is likely to happen if the freeze is lifted, people in the lower income bracket unable to afford higher rents will be forced to move to squatter settlements."

Commission chairman Dr Mahendra Reddy said the restriction on property owners to increase rent needed to be removed.

Dr Reddy said under a new proposal, all property owners would have to register with the commission, which will introduce price control on rent.

"We want to get rid of the rent freeze. The property is an investment and we want to see investments becoming successful," he said.

"But this has to be done the right way. You can't be charging an amount not worthy of the house or the property.

"This is a very crucial issue. Housing is a very crucial issue."

Dr Reddy said the system would allow for owners to increase rent but they would have to justify the increase.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62450.6055
JPY 56.810253.8102
GBP 0.30290.2949
EUR 0.41450.4025
NZD 0.73480.7018
AUD 0.66190.6369
USD 0.47110.4541

from

$0.00

Exchange Rate updated on 27th August 2015

Today's Most Read Stories

  1. PM's warning
  2. Nadolo gets $2 for RWC
  3. Naiyaravoro world cup conspiracy
  4. Attacks on democracy will not be tolerated by the State
  5. One down
  6. Asian stock fall to affect Fijian economy
  7. Prasad wins personality title
  8. Ministry assists elderly couple
  9. Plans to generate money
  10. FWCC plans three shelters worth $1.7m for victims

Top Stories this Week

  1. Sayed-Khaiyum responds to Karavaki warning Thursday (27 Aug)
  2. Guns in town Thursday (27 Aug)
  3. Birth by the river Tuesday (25 Aug)
  4. Making the cut Monday (24 Aug)
  5. PM turns down Ratu Naiqama request Thursday (27 Aug)
  6. Military, police beef up manpower Tuesday (25 Aug)
  7. PM's warning Sunday (30 Aug)
  8. John quits 7s job Tuesday (25 Aug)
  9. Soldiers patrol town prior to sedition case Wednesday (26 Aug)
  10. Draunidalo hits back Friday (28 Aug)