New South Wales moved to outlaw rental bidding, barring agents from encouraging prospective tenants to offer more than the advertised rent and requiring a price in every listing. Agents said the conduct was already covered by their existing code and was rare in practice, while tenant advocates argued the rules would not stop applicants volunteering higher offers. Industry bodies maintained that inadequate supply remained the underlying problem.
Reported by
Michael Bleby, Australian Financial Review, 13 December 2022
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