After several years of surging rent prices, Australia’s rental market may finally be entering a cooling phase. According to Domain’s Rent Report for the September quarter of 2024, growth in rental prices has slowed significantly, marking the weakest September quarter since 2019 for houses and 2020 for units. While renters are still dealing with historically…
Do you know which areas or suburbs in Australia are leading in terms of rental affordability? Or how does your suburb rank in terms of rent prices compared to the rest of the country? It’s old news that we’re suffering a rental crisis. But with a severe undersupply and growing demand forcing rents to skyrocket…
Australia’s rental market is tougher than ever, with sky-high prices and very low rental vacancy rates pushing us further into a rental crisis situation. While rental price growth appears to have peaked, there is still growing concern that the supply of rental homes could worsen further as higher mortgage costs hit landlords and government interference…
Proposed changes to the minimum energy efficiency standards for rental properties in Victoria could soon see landlords facing increased costs in a bid to help the state move towards net zero emissions. While the intentions behind these reforms are commendable, the reality is that these changes will have significant financial implications for landlords, many of…
Sydney has once again cemented its status as a global leader in luxury real estate, with its prime rental market topping the charts for growth in 2024. This remarkable achievement places Sydney at the forefront of the world’s most coveted cities for high-end tenants, surpassing even heavyweights like New York, London, and Hong Kong. But…
Property investors in Victoria will soon need to meet minimum heating and cooling standards under new proposed minimum standards. The state government has begun the consultation process to expand rental standards, which includes requirements for ceiling insulation, draught proofing, hot water efficiency and cooling necessities. The proposed changes to Victoria’s minimum rental standards were open…
We all know that rents are skyrocketing around Australia. So a question every landlord seems to be asking themselves at present is: How often, and by how much, can I increase the rent on my investment property or properties? There are actually two parts to the answer – how often you can increase the rent,…
Queensland has recently implemented new minimum rental standards that all property investors need to be aware of. These changes came into effect for new tenancies (including renewed tenancy agreements) on 1 September 2023 and will come into effect for all remaining tenancies from 1 September 2024. They are part of a broader rental law reform…
In the ever-evolving landscape of property investment, landlords are increasingly faced with a barrage of new challenges that can make owning investment properties feel more daunting than ever. Over the last few years, the government has implemented a series of legislative changes that have significantly altered the rules of the game for property investors. These…
When you think about managing a property, especially one with multiple owners and tenants, the role of a strata manager might not be the first thing that comes to mind. Yet, for anyone who’s lived in an apartment block or a townhouse complex, these professionals are often the unsung heroes who keep everything ticking along…
