New South Wales renters struggling to make ends meet during the COVID-19 lockdown will be protected from being evicted. A 60-day moratorium on evictions has been announced in New South Wales, and NSW landlords will be incentivised to reduce their rents for COVID-19-affected tenants. NSW Premier Gladys Berejiklian and Treasurer Dominic Perrottet have revealed “a…
Rents are on the rise and the average Australian house now costs a record $477 a week to rent, according to Domain’s most recent rental report. Lockdown lifestyle changes and the resilience of working from home contributed to June quarter increases in every major city bar Melbourne and Sydney. Thanks to a strong Adelaide rental…
As with any asset class, real estate comes with its own set of cautionary tales about the potential hazards and pitfalls. At the moment all we hear in the media is how property prices are booming and will continue to do so in the foreseeable future. So it’s easy to get caught up in the…
Australia’s rental markets are tightening with the vacancy rate falling in May for the second consecutive month nationally and now sitting at 1.7 per cent according to Domain’s May Vacancy Report. The last time national vacancy rates were this low was in February 2020, the month before the COVID pandemic caused widespread lockdowns. This is…
Home rental markets have continued to tighten over April with clear trends now emerging of a sustained reduction in the record-high vacancies of Sydney and Melbourne inner-suburban and CBD apartments reported over the past year. In fact, there is a shortage of houses for rent in many parts of Australia. This critical undersupply of rental…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. They have all the best intentions and they really, truly want to take action. They do the research. They listen to podcasts, attend the webinars and buy the courses. They get educated,…
Whether you’re a renter or rental provider (the “official” new name for a landlord), there are a new set rental rules that you should understand. In fact there are over 130 changes to the legislation – too many to outline here, but I’ll try and provide a summary for you. The new rental laws are…
You can’t have successful property investment without tenants, but too many landlords pay scant regard to their tenants – to their financial detriment. I’m sure you’re aware that one of the keys to property investment success is cash flow, and that generally comes from your tenants paying rent for your property over the long term….
While our house price markets have been performing strongly this year, some of the rental markets around Australia have remained challenged by week fundamentals. Rents around Australia fell sharply last year during the more difficult times of the pandemic, but more recently advertised rent arising around Australia. The strong economic recovery is likely to bolster…
Inconsistent tenancy laws across Australia are making it difficult for women and children experiencing domestic violence to stay, to leave, and to find new housing, according to a new report authored by the University of South Australia. An estimated 41 per cent of people accessing homelessness services in Australia are victims of family domestic violence…
