NSW moves to end ‘secret’ rental bidding and bring in portable bonds scheme

NSW premier Chris Minns says the proposed reforms are a ‘sensible cost-of-living measure’ to help ease the pressure on the state’s renters. Photograph: Nikki Short/AAP

A plan to reform the “unfair rental laws” in New South Wales will be introduced to parliament by the Minns government on Wednesday in a bid to ease cost-of-living pressures for two million renters.

The rental legislation would allow bonds to be transferred from one property to the next and seeks to close loopholes in the existing ban on rent bidding.