Rent Increase Formula:
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In New South Wales, landlords can increase rent in line with the Consumer Price Index (CPI). There is no fixed cap on rent increases, but landlords must provide at least 60 days' written notice.
The calculator uses the standard rent increase formula:
Where:
Explanation: The calculation shows how much your rent will increase based on the current inflation rate.
Details: In NSW, landlords must give 60 days' written notice for rent increases. There's no limit on how much rent can be increased, but it must not be excessive or retaliatory.
Tips: Enter the current CPI percentage (available from the Australian Bureau of Statistics) and your current monthly rent. The calculator will show the rent increase amount and new rent amount.
Q1: How often can rent be increased in NSW?
A: Rent can only be increased once every 12 months for periodic agreements, unless otherwise specified in the lease.
Q2: What if I think the rent increase is too high?
A: You can apply to the NSW Civil and Administrative Tribunal (NCAT) if you believe the increase is excessive.
Q3: Where can I find the current CPI rate?
A: The Australian Bureau of Statistics publishes CPI data quarterly on their website (abs.gov.au).
Q4: Is there a rent freeze in NSW?
A: No, there is currently no rent freeze in NSW. Rent increases follow market conditions and CPI.
Q5: Can the landlord increase rent during a fixed-term lease?
A: Only if the lease agreement specifically allows for rent increases during the fixed term.