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The road ahead for our economy and our property markets has never been less clear. Whilst I can’t make any predictions with real confidence about how property markets will perform next month, let alone next year, based on my perspective of having been involved in the property markets for over 20 years, I believe the…
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 a 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…
The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about one in four of us. Australia’s lightly regulated private rental sector means the insecurity of tenants is a key factor in why most…
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…
What do tenants want? We recently asked the Matusik Missive tribe to answer this question. We had just over 100 replies and thanks to those that took the time. I like to number things, but acronyms can be fun too. Here are three acronyms you should know to better understand what tenants want. SOAP SOAP…
There’s a 6 month moratorium on evictions of tenants facing financial hardship because of the coronavirus. Both commercial and residential landlords will be banned from evicting tenants who can’t meet their commitments because of financial stress caused by the coronavirus economic downturn for the next six months as part of what Prime Minister Scott Morrison…
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…
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