In recent months, the issue of rent control in Australia has been at the centre of intense scrutiny. The Victorian Government has sparked debate across the nation by indicating that it is considering both restricting the range of a rental increase and limiting rent increases to once every two years. The implications of these moves…
The pendulum is swinging in favour of tenants! The New South Wales government has appointed its first rental commissioner, Trina Jones, in an effort to “rebalance” the market and protect the rights of renters. Jones, the former chief executive of Homelessness Australia, is said to have a wealth of experience in the housing sector, and…
I once knew of a young tenant who was the epitome of an A-grade tenant. He paid his rent on time, rarely asked for any repairs or maintenance, kept the house in good condition, and was overall very pleasant to deal with. Things continued in this manner for several years, until one day, it slowly…
Far too many novice investors falsely believe that their property managers are entirely responsible for their investment properties. They adopt a “set and forget” mindset and blindly hand over the care of their investment to someone who probably is overworked and underpaid! Savvy investors, on the other hand, understand that while they might hand over…
An undersupply of rental accommodation and an increase in renters is deteriorating affordability, a new report from ANZ and CoreLogic has found. The ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the…
Fostering a good relationship between all parties to a tenancy will allow everyone to get so much more out of the experience. It’s basic logic. Treat your tenants with respect; be considerate of the fact that your property investment is their home, and they will (hopefully) show you the same courtesy. Remember, these are the…
Recent research indicates that more than two-thirds (68%) of parents who do not own a home find it more challenging to find a suitable rental property when they have children. The Choosi Cost of Kids Report 2023, surveyed 1,210 Australian parents with children under 19 years of age and couples intending to have children. Almost…
Buying your first property heralds the beginning of your investment journey, but it does not end with signing that contract and getting that property title. That home or apartment is not going to make money by itself, so for savvy investors, the natural next step is to rent it out and make a killing off…
We know there is a rental crisis around Australia at present, and there doesn’t seem to be any easy answers to resolve it. In a national survey by Rent.com.au, over half (55%) of Australian renters express a sense of neglect from the 2023-24 Federal budget, indicating that their concerns have not been adequately addressed. Additionally,…
Do you have pets? Well, you might want to take note of these suburbs that have the highest “no pet policy” ratings, as revealed by a new study. According to this recent study by Suburbtrends, certain suburbs in Australia are particularly challenging for renters with pets to secure rental properties. The study examined rental listings…
