NSW is ready to instate a brand new rental commissioner with a purpose to fight skyrocketing rental costs.
Homelessness Australia chief government Trina Jones will step into the function because the state’s first rental commissioner, promising to be a voice for renters.
Her appointment comes amid “staggering” hire rises throughout Australia, led by Sydney, the nation’s costliest rental market.
While the nationwide common for a rental property has risen by 11.8 per cent to take a seat at $520 per week, Sydney’s rental costs have risen by 13.8 per cent previously 12 months to succeed in $620 per week, in line with PropTrack.
Apartments are solely marginally under that price at a median $595 per week after a staggering 19 per cent enhance previously 12 months.
“In taking on the role of rental commissioner, my mission is to amplify the voice of renters, help strengthen their rights and improve the fairness of the rental market,” she stated.
“I look forward to working closely and productively with government, industry, renters and owners across our state as we collaboratively search for solutions to our housing challenges.”
Ms Jones will work with the state authorities to design and implement legislative change with the purpose to “rebalance the rental market” and make it fairer.
Reforms that might be on Ms Jones’ plate as she steps into the function embrace ending ‘no-grounds’ evictions, bettering the safety of renters’ data and privateness, and making it simpler for renters to have pets.
NSW Premier Chris Minns stated her appointment was an “important step”.
“Anyone who rents in NSW knows just how anxious and challenging the process can be to find suitable accommodation, not to mention the rent increases and cost of living pressures,” he stated.
“I’m looking forward to working with the new commissioner to make our state a fairer place for both renters and owners.
“We can’t fix years of problems in the rental market overnight, but we have already made a start and we are determined to do more.”
Though the entire of Australia has confronted rental will increase, the issue is especially unhealthy for NSW.
Rents within the capital cities have risen by a “staggering” 17 per cent in a 12 months, led by Sydney and Melbourne.
“Rental markets continue to be extremely challenging for renters, with rents surging across much of the country amid strong demand and very limited availability,” PropTrack report creator Angus Moore stated.
“This is especially true in Sydney and Melbourne, where weekly rents have increased significantly after falling in these cities during 2020 and 2021.”
Those hoping to discover a cheaper worth by transferring right into a unit might be sorely mistaken, with giant will increase in the price of renting an condo.
Sydney unit rents have risen by 19.0 per cent previously 12 months, adopted by Melbourne at 17.5 per cent and Brisbane at 15.3 per cent.
Source: www.news.com.au
