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Are you a company director? Maybe a director of the corporate trustee of your family trust? Then you should know that the Government recently passed Bills to amend the Corporations Act 2001 to introduce a ‘Director Identification Number’ (DIN). What is a DIN for? This means that all company directors will be required to prove…
While the vast majority of tenants do the right thing the Real Estate Institute of Victoria is seeing increasing evidence that some tenants are rorting the system put in place to protect them. The first six months of the moratorium against evictions and rent increases has seen the vast majority of reduced rent agreements reached…
The process for dealing with residential tenancy disputes in Melbourne is cracking under the weight of Covid-19. With less than one month to go in the original 6-month moratorium announced by the Andrews’ government there is a backlog of 4,000 rental cases at the Victorian Civil and Administrative Tribunal (VCAT) and nearly a thousand…
Melbourne’s empty rentals soar by 20 percent in one month! Residential rents could fall 30%! The number of vacant rentals in Melbourne has skyrocketed. These are all headlines I read in the last couple of days and I can understand why they would scare the pants off many property investors. But before you get too…
The Real Estate Institute of Victoria is seeing growing evidence that commercial and residential landlords are being left behind and all but forgotten as the government makes decisions on financial support for people impacted by the economic downturn. The decision to extend the rental moratorium to 31 December 2020 without proportionate attention to the landlord’s…
The Victorian Government is extending eviction moratorium laws to provide greater certainty for both tenants and landlords. Rental increases are also banned until the end of the year. Victoria’s ban on rental hikes and evictions which had previously been set to expire on 29 September will be extended until 31 December. Extension of these laws…
This is what you need to know about the bonds that tie tenants to landlords… and what it has to do with landlord insurance. Rental bonds cause confusion among landlords and tenants. Just what is the bond? What is it used for? And who can access the monies? These are common queries, with the latter…
According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about…
Australia certainly stands out as an animal-loving nation with some of the highest rates of pet ownership in the world. With around one-third of all households renting, what are the pros of a pet-friendly investment property? And what are a landlord’s legal responsibilities? Find out below… A 2019 survey by Animal Medicines Australia found that 5.9 million…
The Victorian Government has introduced rent relief grants for eligible tenants experiencing rental hardship as a result of the coronavirus (COVID-19) pandemic. The problem is, most tenants and landlords don’t really understand what this involves, so let’s have a look at some of the key aspects provided by the government. In this article I’ll explain…
