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AAP
AAP
Business
Farid Farid

Labor promises 'fairer' NSW rental market

Relocation or eviction costs the average renter about $4000, according to tenants union data. (Paul Miller/AAP PHOTOS) (AAP)

Almost a million renters in NSW will be able to transfer their bonds from one property to the next and can't kicked out of their homes without reasonable grounds given, Labor has pledged.

The promise ahead of the 2023 election comes amid skyrocketing rents in Sydney and rising accommodation costs in regional areas, with NSW's median rent increasing from $386 to $420 a week between 2016 and 2021.

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