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AAP
AAP
Politics
Phoebe Loomes

NSW govt to make rental auctions 'illegal'

NSW Premier Dominic Perrottet wants to end rental "auctions" amid a tight property market. (Dean Lewins/AAP PHOTOS) (AAP)

NSW real estate agents will be banned from conducting rental auction "feeding frenzies" that push up the price of rental properties.

Premier Dominic Perrottet says solicited rent bidding - where real estate agents suggest prospective tenants offer a higher price on a rental property to better their chances of securing the lease - will be banned.

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