The McKell Institute proposes a national portable bond scheme, allowing renters to transfer their bond between leases instead of paying a new deposit. This aims to ease cost of living pressures and prevent people from being trapped in unsuitable housing.
There are calls for renters to pay bond just once in their lifetime under a new cost of living pitch to the federal government.
"Renters are under enormous financial strain and the current need to double-up on bonds to move often traps people in unsuitable housing," Cavanough said. Cavanough is urging the government to take the proposal to an election in which "the vote of renters will be pivotal".
Economics RENTERS BONDS COST OF LIVING HOUSING POLICY ELECTION
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