12 Month Cap on Rent Increase | 9th December 2024

From 31 October 2024, the landlord cannot increase your rent more than once in any 12 month period. The new rules apply to all rent increases that come into effect after 31 October 2024, even if you received notice before this date.

Importantly, these new rules apply to all residential tenancy agreements – including new and existing fixed-term and periodic (ongoing) agreements. The new laws also apply to any new residential tenancy agreement for the same premises (including renewal), as long as the landlord and at least one tenant remains the same.

The rent increases must also come with proper notice, and can still be challenged if it is “excessive”.

For more detail see the Tenants’ Union of NSW updated Factsheet 4: Rent increases