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

With the housing market finally softening after years of growth, many investors are asking this question.  So is it better to buy or rent in Australia in 2022? The answer comes down to balancing what you value most and the price you’re willing to pay for it. 

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. 

The main purpose of a routine inspection is to identify any issues which require maintenance or repair and to ensure the property is being looked after and a safe environment for tenants.

 There are a few ways that could boost your rental income outside of the factors of the changing market. Find out more.

Regardless of what’s happening in “the market”, there’s 3 keys to securing a great tenant in the most efficient time frame.