The NSW Labor government has stuck to its election promise for renters, but now it must convince landlords.
The NSW Labor government will delay introducing its legislation to ban no-grounds evictions until next month in a bid to sell the reforms to landlords, who are warning that some investors will flee the state’s property market if the long-promised changes are introduced.
Other reasons include if the property is being sold or offered for sale with vacant possession or if the owner decides to move into the home. “The data reported in December quarter 2023 indicated a net loss of 11,789 rental properties in the calendar year, in the latest March quarter data that net loss of rental properties has now increased to 15,607,” the council said in a submission.The national board chair, Ben Kingsley, told the inquiry that investors were increasingly turning to other states, especially Western Australia, to invest in property.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW Labor braces for state conference threats after Payman defectionThe premier has warned against any move to “smash up” the state conference, and put his own MPs on notice about party solidarity.
Read more »
Why NSW Labor will not take the same road on greyhounds as BairdFormer premier Mike Baird stunned the industry when he banned greyhound racing. Labor watched on and will not follow his lead despite more damning revelations.
Read more »
Minns to suspend CFMEU from NSW Labor PartyNSW Premier Chris Minns has moved the suspend the CFMEU from the state’s Labor Party following allegations of criminal conduct.
Read more »
Minns calls for NSW Labor to suspend CFMEU affiliation and stop donations after corruption allegationsPremier says he has written to NSW Labor general secretary requesting immediate suspension of party’s affiliation to CFMEU’s construction and general division
Read more »
NSW Premier moves to suspend CFMEU from Labor Party, stop donationsA hidden police camera that allegedly captured a CFMEU boss getting a $5000 kickback prompted the move.
Read more »
NSW Labor engages unprecedented security contingent for state conferenceWith fears of political extremism, Sussex Street has engaged an unprecedented level of security for this weekend’s NSW Labor state conference, with a series of fringe events also cancelled.
Read more »