Soaring prices, very low rental vacancy rates and a lack of affordable housing continue to put a strain on Australia’s rental markets and keep us in a rental crisis situation. While rental price growth has slowed, monthly and annual increases continue to push affordability to its peak. Meanwhile, there is still growing concern that the…
Victoria’s rental market has reached an unprecedented milestone, with new data released by the Department of Families, Fairness and Housing showing that the rate of investors selling their investment properties is rising. They looked at the amount of rental bonds (a proxy for the number of rental properties in a market)) which indicates there are…
Sydney’s rental market continues to be in crisis, with extremely low vacancy rates, high rent prices, strong demand, and a rising population keeping the city’s property market in a pressure cooker environment. Here’s a rundown of all the current Sydney rental market trends, and what we can expect to face next. Current rental market trends…
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…
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…
