Rental growth has been flat around Australia according to Domain’s latest Rental Report. The national median rental price for houses remained steady at $442 over the September 2018 quarter, while the median unit rental price fell by less than 0.5% to $461over the three months to September. Here’s how our capital cities’ rental markets performed over the last…
As a landlord, it’s important to know your responsibilities around methamphetamine contamination – both for your tenants’ safety, and to ensure that you’re adequately covered. So what is methamphetamine? Methamphetamine, commonly known as ‘P’ or crystal meth, is a toxic and addictive drug. Side effects of its use can include mood swings, paranoia, aggression, anxiety…
The REIV recently gave their take on the Melbourne rental property market Victoria’s vacancy rate stands at 1.8 per cent in July 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 in July. In regional Victoria, the weekly median rent for houses remained at $330 per week. The weekly median rent for units…
More Australians are renting than ever before, and for longer. And this means more Australians are becoming property investors providing accommodation for these tenants. But we’re in for some torrid times… With more than one in four Victorians renting their homes, the Victorian Andrews Labor Government has unveiled landmark new laws that will be introduced…
Hobart has overtaken Sydney to become the least affordable city in the country in which to rent. The May Rental Affordability Index (RAI), which measures the costs of renting in Australia’s cities relative to household incomes, shows that for the first time ever, it is now less affordable to rent in Hobart than it is…
When carrying out final inspections with a tenant to determine the final condition of the property and bond refund, we must compare the condition of the property at the commencement of the tenancy to the end of the tenancy and allow for “fair wear and tear”. The definition of “fair wear and tear” is something…
