SA govt to ban rent bidding as average weekly rent soars to a state high of $450

SA govt to ban rent bidding as average weekly rent soars to a state high of 0

New legal guidelines banning hire bidding will convey some much-needed aid to potential renters in South Australia.

With South Australia’s median hire sitting at a record-high $450 per week, the emptiness charge is low at 0.6 per cent which sees property competitors within the state vigorously contested.

SA Premier Peter Malinauskas hopes the laws will create a good and clear rental market throughout his state.

Source: www.news.com.au