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Landlords could be forced to explain above-inflation rent increases under sweeping proposed NSW reform (www.theguardian.com)
submitted 3 years ago by to c/australia@aussie.zone
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We'll see if this actually happens. This line sticks out to me as well:

closing a loophole allowing multiple rent hikes a year and forcing landlords to offer tenants a free way to pay electronically.

I haven't run into that myself, but I understand some tenants are forced onto payment systems that have fees, which is abhorrent.

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[–] 9 points 3 years ago

Sounds good. And rate rises aren’t an excuse. We don’t care that you paid a stupid amount for it and are struggling to afford your loan payments. Sell it like you would any other investment that suddenly went negative geared that you couldn’t afford to keep.

To Philip Lowe: the market decides rent rates only holds as long as the market is elastic. And most people have a huge barrier to moving.

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