NSW to Cap Rent Increases to Once-a-Year Amid Deepening Housing Crisis

The Minns Labor government is set to introduce significant reforms to rental laws in Australia’s most populous state New South Wales to cap the number of rental increases to once per year. This new regulation, presented in Parliament on Oct. 15, aims to provide stability and fairness for the state’s 2.2 million renters. The reform will apply to periodic and fixed-term leases, and address existing loopholes in rental legislation, making renting in NSW more predictable. The government’s reforms will also end “no-grounds” evictions, and clarity of how leases can be terminated. Additionally, the reforms will make it easier for tenants to keep pets in rental properties, ensuring landlords can only refuse requests on specific grounds....