A state government has backflipped after its attempt to stop a hated practice by real estate agents was set to make things worse.
Eli Green reporting in NCA NewsWire Finance.
The NSW government has announced it will “press pause” on a proposed law that would have forced agents to notify all applicants if someone offers above the advertised rent.
The government said the decision to scrap the section of its proposed legislation around rent bidding came after “constructive engagement with advocacy organisations and cross bench members”.
A letter from Homelessness NSW and the Tenants Union of NSW and signed by St Vincent de Paul Society of NSW, the Redfern Legal Centre, Shelter NSW and the Older Women’s Network NSW called on the government to scrap the rent bidding section of its laws after they were proposed.