LABOR ANNOUNCES SIGNIFICANT RENTAL REFORMS

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Renters will be protected from unfair eviction under a Foley Labor Government, after the Opposition announced the next stage of NSW Labor’s Housing Affordability policy.

Shadow Minister for the Illawarra Ryan Park today announced the reforms and said he was determined to tack the housing affordability crisis that is putting increased pressure of local families.

 

Approximately there are one in three people who currently rent, and with sky rocking house prices this number is only expected to grow.

 

These reforms will ensure that tenants will have increased security in the rental market. This game-changing policy would also go some way to helping promote stability for those who opt to rent as their long term choice.

 

A Foley-Labor Government will:

  • End no-fault evictions, specifying a list of grounds for the landlord to terminate a lease
  • Introduce tenancies for up to 5 years in length in consultation with the industry
  • Stipulate 12 month tenancies as a minimum
  • Limit rent reviews to once a year

 

Labor is committed to acting on housing affordability and security and will help address these priorities by modernising the Residential Tenancies Act.

 

Labor will also monitor new technologies including rent bidding Apps and intervene if there is clear evidence they are putting upward pressure on rents.

 

Quotes attributable to Shadow Minister for the Illawarra Ryan Park:

 

“People who choose to rent need to be looked after. When we talk about housing affordability those in the rental market tend to be forgotten.

 

“People deserve the security of knowing that if they request for simple things like maintenance upgrades they won’t be evicted.  

 

“This is the next step in Labor’s comprehensive housing affordability plan which will bring more certainty and balance in the local rental market.

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