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Penrith First to Trial New Bond Transfer System • The Western Weekender

The digital bond transfer system could save renters up to $4,000 each time they move, officials said.

Summary by Parra News
Renters in Penrith will be first to experience Smart Rental Bonds with a phased rollout across NSW starting in August. Parramatta and the Central Coast will also be part of the initial rollout. Smart Rental Bonds will allow renters to digitally transfer bonds between properties, eliminating the need to fork out thousands of dollars for another bond. This is expected to save renters up to $4,000 each time they move home. Paramatta, the Central Co…

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westernweekender.com.au broke the news on Tuesday, July 7, 2026.
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