Pain in the Postcodes

The SMH reports that tenants are being forced out of their homes as "large numbers" of investors default on mortgage payments. It seems to me one of the most invidious aspects of NSW property law is that if a tenant is on a continuing lease they can be given just 30 days notice if a buyer wants vacant possession. If an owner wants to move in to his investment property, he must give 60 days, which is still pretty hard on the tenant. But the 30 day rule for a new owner is surely not sufficient.
Of course, if the tenant is on a fixed term lease, then that lease is unbreakable, and the property has to be sold "with sitting tenant". Ray White Beecroft property management department attends auctions of properties that they are managing to make sure that the auctioneer tells buyers of the tenant's situation.