There’s been a huge change in the Residential Tenancies Act in Victoria, with new laws introduced in Victoria making it easier for tenants to bring their four-legged friend into their home. From March 2nd 2020, renters will be able to seek written approval from their landlord if they wish to get a pet, and landlords will…
What’s going to happen to the rental markets and vacancy rates as a result of the coronavirus pandemic? Nationally the rental markets started the year strongly. The latest quarterly Domain Rent Report, showed record rent rises in Sydney, Melbourne, Adelaide, Perth, Canberra and Hobart. But this will now be short lived as COVID-19 impacts our…
The NSW State Government announced a $440 million in relief for renters and landlords affected by Government-enforced COVID-19 restrictions. The package is targeted at keeping people in rentals over the next six months. “This policy is about protection,” NSW treasurer Dominic Perrottet said. “Protecting tenants from being evicted due to circumstances outside their control. It protects landlords from…
Are you wondering what to do if your tenant can’t pay the rent due to Coronavirus? I know a lot of property investors are. There is no doubt that the economic fallout and job losses caused by COVID-19 will affect all of us to some degree. Some tenants will be struggling to pay their rent…
If there’s one thing we love, it’s making predictions about the future of property and real estate. Lately, we’ve been crystal-balling over the future of tenancy. After all, these are the people who will be paying off our mortgages for us – so it’s important to know what trends and shifts we need to be…
2020 is looking to be the year for renters, with proactive reforms by a number of state governments being introduced that are designed to protect renters’ rights. One thing many don’t realise is that the government relies on private landlords (property investors like you and me) to provide accomodation to millions of everyday Australians –…
Are you worried that your tenant may not be able to pay the rent? Are you can are you concerned about the legislation that will prevent you evicting tenants? What if they don’t pay rent for 6 months and then leave? These are the common concerns I’m hearing from many of the investors whose properties…
One of the main things that property investment naysayers get wrong is that landlords just want to someone to pay the most rent. That is not true at all. The smartest property investors want to attract – and keep – good tenants for the long-term. That’s because they understand that having a long-time tenant will…
Can you guess how many pets there are in Australia? Well, there are actually more pets than people! According to the RSPCA, there are more 25 million pets in our country. But here’s the thing: it’s estimated that more than half of rental properties have a no pets policy. So what do these statistics mean?…
While our property markets have boomed over the last few months with the the strongest rebound in property values for decades, the rental property market has been more subdued. Rental property website Rent.com.au has released its report for December 2019 and here are the highlights: The cost of renting a room in a house rose…
