29 January 2024
A typical renter in a capital city is paying $150 more in rent each week compared to two years ago, a new report has found, as strong demand for a record low number of rentals pushes up rents across Australia.
Read More7 July 2023
After announcing its steps to further reform rules around rent bidding and introduce plans for a portable bond scheme, the NSW Government has today announced its plans to delve deeper into other potential residential tenancy reforms. Community consultation has begun to discuss topics such as:
Ending no-grounds evictions by requiring a reason to end a lease,
Making it easier for renters to have pets,
Protecting renters’ personal information and privacy,
Making it easier to transfer rental bonds from one property to another, and
Other ways to improve conditions for renters and take the pressure off.
7 July 2023
Site-wide discount to celebrate World Chocolate Day! 🍫
Industry updates: Over $300,000 stolen from WA real estate trust account by scammers // Update on NSW rent bidding ban compliance.
Disciplinary action: NSW real estate agent sentenced to two years imprisonment following 121 counts of fraud // Former Victorian estate agents representative banned from industry for 10 years, fined $2,500 // Former Victorian agent sentenced for misuse of over $100,000 in trust money.
Legislative changes: Rent bidding banned in South Australia // New laws around rent increase frequency for Queensland commenced 1 July 2023.
Feature blog: ‘Protecting your real estate business from scam activity and fraud’.
1 July 2023
New laws around the rate at which rent may be increased for Queensland tenancies have come into place today. Under the new laws, rent may only be increased once every 12 months. The change applies to all new and existing tenancies.
The QLD Residential Tenancies Authority (RTA) has also advised that they have updated the two Pocket Guides for Tenants and tenancy agreements for general tenancies, rooming accommodation, and movable dwellings. The new forms are available on the RTA website.
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In the spirit of reconciliation, Macdonald Education acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
