Political party reveals plan to stop rising rental prices

Political party reveals plan to stop rising rental prices

by Staff Reporter 0 comments

A political party candidate has proposed significant changes to protect tenants against “getting a raw deal in an overstressed housing market”.

A NSW Greens candidate for the newly drawn seat of Newtown, Jenny Leong, has announced a plan to take power away from landlords and place it in the hands of renters.

Some of the changes to renters’ rights Ms Leong has proposed include:

● Allowing landlords to impose only one increase in rent per year

● Cap rent rises at the rate of inflation (or the consumer price index, which usually increases 2-3 per cent each year)

● Not allowing landlords to evict renters without a valid reason

“I think it’s pretty clear to everyone that Sydney is becoming one of the most expensive places to live,” Ms Leong told news.com.au.

“There’s been a real shift to where long-term renting is the norm.”

Ms Leong said it is “pretty clear” there is an affordability crisis for people living in Sydney.

“We need to look at ways to fix this that reflect community needs, not necessarily what’s going to protect profits or interests,” she said.

Ms Leong said the proposed changes would ensure security of tenure for renters by ending “no grounds” evictions.

“There’s the occasional dodgy landlord who would kick out a tenant just so they can put the rent up,” she said.

The plan would also prevent more than one rental increase a year, unless there were significant improvements made to the property.

“It puts the requirement on the idea that there’s a justified reason for the rent increase,” Ms Leong said.

Political party reveals plan to stop rising rental prices
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Taking a bite-sized chunk out of the market: how this agent found her niche

In this episode of Secrets of the Top 100 Agents, BresicWhitney agent Catherine Dixon reveals how she found her niche and became an expert i...

View all podcasts

Does blogging help in growing your personal brand?

Yes
No
Depends on who is writing it
Depends on who is reading it
Do you have an industry update?