Like most parents with young kids, I assume mine will live with us forever. Or at least far longer than most of my generation stayed at home. It will not be because they are feverishly saving for a deposit to buy their own place – I suspect in Sydney that will be a pipe dream – but because even securing a rental property could be a challenge beyond them.
The throngs of people queuing on Saturday mornings for rental inspections is a stark reminder of the demand for properties. Then there is rental stress. In greater Sydney, theis $720 a week. According to the latest census data, more than one-third of renter households spend at least 30 per cent of their income on paying the rent, over the recommended ratio to avoid rental stress. That figure has likely risen since the 2021 snapshot.
Minns re-announced his party’s rental changes at the NSW Labor state conference in July. He had no choice. Party faithful would have slammed the premier if he was not seen to be delivering on an election promise. But some senior members of his team were quietly embarrassed. Instead of re-announcing it, just do it, was their view.asked voters if they thought the government has done enough for renters. The answer was a resounding no.