Newly elected NSW Premier Chris Minns has pretended to care about the rental crisis across the state, appointing a rental commissioner to help rebalance the housing market for tenants.
The yet-to-be-appointed commissioner will be charged with guiding the government’s reforms to the sector, as well as identifying barriers to increasing housing supply.
“We believe it will make a significant impact in terms of rebalancing the marketplace, particularly as it relates to renters, and we have to have that concern”, Minns said.
The same article includes the below table from Domain showing that Sydney unit asking rents soared 24% in the year to March – the strongest growth in the nation:
This rapid growth is being fuelled by record immigration, with nearly 400,000 net overseas migrants landing in Australia in 2022, mostly into Sydney and Melbourne:
Recall that Chris Minns demanded more immigration in his election speech last month.
Minns said NSW businesses needed to have “access to world-class skilled labour. And that’s where I think we can really step up”.
“They need to know that the NSW government of the day is open for business and that we want people to come to Australia”.
Minns also said a Labor state government would support federal government plans to attract skilled migrants, while persuading international students to make NSW their first choice.
Thus, NSW’s rental crisis will get far worse under Minns’ immigration fetish.
Here’s an idea: ask Albo to cut immigration levels back to sensible and sustainable pre-2005 levels of around 100,000 people a year.
Otherwise, NSW’s rental crisis will become permanent.
