The NSW Government must introduce laws that prevent landlords from "auctioning" rental properties.
Why is this important?
There are no laws to stop landlords from accepting competing bids from tenants for rental properties. Time is of the essence - rent-bidding apps will soon be in the NSW market making it much easier for landlords to conduct "rent auctions", forcing tenants to outbid each other for an ever-dwindling supply of rental properties. This has been proven to push up rents even further. This is illegal in Queensland and it should be made illegal here, before these apps become entrenched in the market.
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