Big Changes for NSW Renters and Landlords: What You Need to Know About the New Rental Laws Now in Effect

Although the title would suggest the amendment relates to changes surrounding the recent floodings in Northern NSW, the amendment instead focuses on changes to the core sections of the Residential Tenancies Act. These changes will directly affect how tenants and landlords can occupy, price, and vacate a property.

Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007. 

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter. The outbreak is affecting many parts of the economy, but the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.

Take a look at how the real estate sector is set to benefit from Josh Frydenberg and Scott Morrison’s post-pandemic spending statement released yesterday.

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month.