The Property Investors Council of Australia (PICA) is pleased to have the opportunity to provide this submission on behalf of the majority of private rental providers who are small business property owners who provide private rentals options to over 90% of all tenants in Australia, representing over $3 trillion dollars of private investment.

This submission serves as a direct voice for the majority of rental property owners investing in New South Wales, who annually inject tens of billions of dollars into providing new and a much-needed increase in private rental accommodation, in addition to existing $1.145 trillion currently invested in New South Wales.

This submission will showcase the risks and unintended consequences of the proposed amendments to existing No Grounds Eviction laws in New South Wales.

The introduction of this legislation in its current form, will pose significant existing and future investment risk to the overall supply of private rental in the mix of rental accommodation options in New South Wales going forward.

It’s clear from the feedback and data that we have collected from our members and the industry in general that the proposed legislative change, with its limited options in terms of reasonable grounds for eviction, is of great concern to the majority stakeholders who operate their small private rental accommodation businesses in New South Wales.

 

Download NSW Submission No Ground Eviction

 

Download No Grounds PICA Statement Media Release TEXT