But those left in the rental market are going to be feeling it, and those that are going to be left in the rental market are going to be those low-income households that just, you know, the prospects of purchasing home just are not there for them So I think that there are lessons to be learned from not far away that can tell us that the impact on rents is going to be vast, and I hope that the government are right with it, where it's only just $2 a week, but I suspect with the impacts on rents are going to be much greater than that."Nate Pedrotti is a 29-year-old renting with his fiancée in Melbourne while they save for a home.While he believes rent rises are a possibility, he's encouraged by the steps the government has taken in the budget."It just evens the playing field a little bit between people like myself who are trying to break into the market, and people who are maybe buying their third, fourth, fifth house."He hopes the state government takes more responsibility when it comes to stabilising rents, capping how much landlords can hike prices.For first home buyers, the changes could reduce competition for established homes.But with negative gearing benefits remaining for new builds, this could funnel investors into those markets.So, while the budgetary changes were designed to bring down pressure for first time buyers, Lawless says new homes on city fringes could be a friction point where they're now forced to compete with more investors. For aspiring homeowners like Alexander, it's hard to predict what the future holds."I think for me now, will I be purchasing an investment property in the next few months? Maybe not