Rent To Buy Archives - Consumers' Federation of Australia

3 December , 2024

New Centrepay Reform Bans Predatory Rent-to-Buy’s in Win for Consumers and Advocates

Consumer Action Law Centre CEO Stephanie Tonkin said she was absolutely delighted that Minister Bill Shorten has announced consumer protections and reforms to Centrepay that restore it to its original purpose; that it should only be used by consumers to make regular voluntary payments for essential bills and expenses. (link to media release) “We have…

22 March , 2019

Ban on vendor term and rent-to-buy transactions to make buying a home fairer for all Victorians

Consumer Action Law Centre (Consumer Action) supports a ban on vendor term and rent-to-buy agreements in the housing market proposed by the Sale of Land Amendment Bill 2019, which is to be introduced to Parliament today. The ban was a key recommendation from Consumer Action’s 2015 report, Fringe Dwellings: The vendor finance and rent-to-buy housing black…

4 March , 2015

ACCC takes action against Rick Otton to shatter the $1 house myth

ASIC also enlisted to institute separate proceedings concerning consumer finance laws

27 January , 2015

‘Vendor terms’ home ownership under scrutiny in new VCAT case

‘Rent to buy’ companies “selling false hope” to low-income earners

31 January , 2014

Low-income home buyers losers in “rent to buy” deals: the case for better regulation

Former Consumer Action CEO Carolyn Bond calls for action