The rental market is just about dead and rents are unsurprisingly increasing which of course is the fault of greedy landlords:
Housing Minister David Borger said today the situation should, however, not become cause for landlords to jack up rental prices unreasonably.
"It's important that we react to the news today in a reasonable and calm way,'' Mr Borger said.
"What we don't want is unscrupulous landlords jacking up rents unreasonably at the expense of tenants, that'll just make the problem worse.''
"Today's news is a sobering reminder of the pressures facing families and workers in NSW.''
The government has done nothing to increase the supply of land so unsurprisingly rents go up. As usual they shift the blame to some one else, this time its land lords. Cutting taxes may help but unless theres a concerted effort to solve the supply problem it will have only a temporary benefit.
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