19 Nov 2019

Real Estate Institute welcomes changes for renters

From Morning Report, 8:10 am on 19 November 2019

The Real Estate Institute says proposed new rules for landlords are for the most part a good step forward.

The new rules include limiting rent rises to once every 12 months, banning landlords from rental bidding and increasing financial penalties.

Landlords would also have to explain why they want to evict tenants and give three examples to justify it to the tenancy tribunal.

Property Investors' Federation president Andrew King says the proposal is "well-intentioned" but misguided and will have serious consequences.

Bindi Norwell is the Real Estate Institute's chief executive.