NEW SOUTH WALES KENTS
OBNOXIOUS ACT DOOMED. MR BAVIN’S INTENTIONS. SYDNEY, Feb. 16. The amendment of the anomalous Fair Rents Act, which has done much to transform house property in New South Wales from a safe and reasonable investment into one so precarious that comparatively few now care to accept its risks, is one of the early Government reforms foreshadowed. One thing alone will justify Mr Bavin’s Government; it is the clean-up at the Town Hall. But there is an insistent demand for other reforms also, and the amendment of the Fair Rents Act is one of them. The aim in effect, of the proposed amendments is to make a landlord no worse off than the average investor in a sound business, and to allow him a fair return for money Invested in property. It is to be a recognition of the fact, which appears to have been lost sight of, that the man who risks his money in houses and other property, has as much say as the one who merely pays rent and escapes all responsibilities. One outstanding feature will be the repeal of so much of the present ridiculous law as is responsible for the retention of the rents of 1915 as a basis upon which present-day rents are to be fixed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MT19280229.2.49
Bibliographic details
Manawatu Times, Volume LIII, Issue 6545, 29 February 1928, Page 7
Word Count
215NEW SOUTH WALES KENTS Manawatu Times, Volume LIII, Issue 6545, 29 February 1928, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in