In response to tenant discontent, the government convened a national cabinet earlier this year, leading to an agreement on national minimal standards and limiting rental increases to once a year.

New proposals from the Greens and Coalition aim to impose significant fines on bad landlords as part of efforts to tackle the housing crisis amid changing market conditions.

Despite concerns over the rental crisis, Housing Minister Clare O'Neil stated that the government has not changed its housing policies, even as negotiations with the Greens continue.

The NRPA is projected to cost $200 million annually and will be staffed by 1,000 employees dedicated to enforcing renters' rights.

The Greens propose a national watchdog that would fine landlords and real estate agents over $78,000 for excessive rent hikes and failure to maintain properties.

Both the Greens and the Coalition are focusing on housing affordability and renters' rights as key issues in their campaigns ahead of the next federal election.

Greens leader Adam Bandt criticized both major parties for neglecting renters, calling for laws to make unlimited rent increases and unlivable rentals illegal.

The Government has allocated $32 billion in housing initiatives, including $3 billion in bonuses for states that exceed home-building targets.

Approximately 30% of Australian households are renters, many feeling powerless against unfair rent increases and negligent landlords.

The Greens are advocating for the establishment of the National Renters Protection Authority (NRPA), which would enforce rent freezes and manage tenancy disputes.

Under the proposed regulations, investigators from the NRPA could impose fines of up to $18,780 on real estate agencies for violations, with harsher penalties for repeat offenders.

With a likely hung parliament in the upcoming election, the Greens see the 7 million Australian renters as a crucial demographic to gain electoral support.