NSW Proposes Rent Increase Limits in System ‘Rebalance’

NSW Proposes Rent Increase Limits in System ‘Rebalance’
Rental signs are seen in the suburb of Bondi in Sydney, Australia, on April 2, 2023. AAP Image/Flavio Brancaleone
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Forcing landlords to explain above-inflation rent increases is among radical changes to the New South Wales (NSW) rental market being floated by the government.

A discussion paper released on Friday proposes measures beyond the Minns government’s promised rental reforms to end no-grounds evictions, allow more pets in rentals and introduce a portal bond scheme.