New Rent Tracker released for NSW
Nearly 800,000 bonds are held by the NSW Rental Bond Board, and each of these bonds helps tell a story.
For over thirty years, the NSW Government has compiled a Rent and Sales Report, drawing on data held by the Rental Bond Board about new bonds lodged each quarter. The report tells an important story about renting in New South Wales, by recording the new rents tenants have agreed to pay in all towns and suburbs across NSW.
The Tenants Union of NSW has launched a new publication to help tenants, journalists and others to understand this story. We have analysed the Rent and Sales Report, along with other publicly available data about rents, and created an easy to read publication called Rent Tracker.
“When the media talks about rents, they’re usually talking about advertised or 'asking' rents for certain towns or suburbs, and that doesn't always reflect what tenants really pay," said Leo Patterson Ross, the Tenants' Union's Advocacy and Research Officer. "That may be of interest to landlords and real estate agents, but to get the full picture we really need to look at the rents that tenants are actually paying.”
“When tenants pay a bond, they're contributing to a body of knowledge that can be used for their benefit. This research will help tenants understand rents and the rental market, and we hope it will contribute to meaningful discussions around how and when their rents should rise.”
Get Rent Tracker now