Property Providers Blog - Laws & Regulations For Rental Bidding
Channel: PROPERTY PROVIDERS
Date: 2023-03-03

“Tell them there’s another application that is willing to pay more to see if you can get an extra $50 a week”.  This is advice that almost every leasing professional has heard from a landlord.  

Although this may have been an effective strategy in the past, it cannot be leveraged anymore.  The NSW government continues to show preference and advocacy for tenants over owners.   As a result, the NSW Property and Stock Agents Regulation 2022 has just been updated to discourage both agents and landlords from soliciting higher rental prices than what is advertised.

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