Over a year since the Minns Labor Government banned no-grounds evictions and delivered greater protections for renters, investor activity and confidence in the state’s rental market remains strong.
NSW Fair Trading’s first Rental Reforms Impact Analysis (“the Impact Analysis”) since the introduction of the Government’s landmark reforms show that:
- The number of rental properties in NSW is steady, rebutting the false claims that investors would be deterred from investing in NSW,
- As of March 2026, there is no evidence of a contraction in the rental market, with more bond lodgements (approx. 499,000) than refunds (approx. 466,000) since October 2024,
- There is sustained investor confidence in the market, with total new loan commitments increasing by 15.1% and investor lending rising by 23.4% between September 2024 and December 2025.
The Impact Analysis also recorded a slight decline in both new tenancies and tenancies ending, suggesting that renters are enjoying greater security and staying in their homes for longer. Long-term rental tenures are increasing, with tenancies of five years or more rising by 5% to 20.4% of the market share and matching the traditionally dominant one-to-two-year tenure group (as of March 2026).
These trends demonstrate that the Government’s rental reforms are working to deliver more certainty for renters without compromising the rental market. Rental availability has remained stable, investor activity has continued, and longer tenancy durations suggest increased stability for renters.
These results are part of the Government’s reforms to make renting fairer. The Government has:
- Banned no-grounds evictions.
- Limited rent increases to once a year.
- Ensured renters have fee-free ways to pay rent.
- Banned fees for background checks.
- Introduced easier pet approvals.
Invested $6.6 million to build Smart Rental Bonds, an initiative that will help renters save thousands of dollars when moving home. Parramatta, the Central Coast and Penrith postcodes will lead the first phase of the system’s roll out this August.
To read the Impact Analysis, please visit: https://www.nsw.gov.au/departments-and-agencies/fair-trading/who-we-are/nsw-rental-market-analysis
Minister for Better Regulation and Fair Trading Anoulack Chanthivong said:
“One year on, it’s clear that the Minns Labor Government is delivering on its promise to make renting fairer.
“This data shows that our game-changing rental reforms are working for renters while maintaining investor activity in the NSW rental market.
“We’ve changed the market in a way that protects renters and gives confidence to landlords to keep investing in NSW.
“Because these laws strike the right balance to create system that works for everyone – giving renters security, which leads to certainty for landlords who are looking for long-term tenants.”
NSW Rental Commissioner Trina Jones said:
“These findings show the rental market has adjusted to our reforms without significant disruption.
“Investor confidence was shown to be strong a year out from reforms, and tenants are feeling more secure to stay in their homes for longer.
“We’ll continue to monitor market indicators and compliance with the new laws to strengthen the rental system and support our commitment to improving renting in NSW.”Source & references
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