Rental bidding is set to be banned in NSW as both major parties commit ahead of the state election.

The NSW government says it will use regulation to prohibit the auction-style practice by Christmas.

Under the proposed changes, prospective renters won’t be able to offer a higher price than what’s advertised to secure a property.

NSW Fair Trading Minister Victor Dominello told Joe Hildebrand it’s about time and the change will be in effect by Saturday.

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