Renting with Pets in NSW. What You Need to Know (Updated)

Two pieces of legislation have been introduced to NSW Parliament today.  The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 has been introduced by Andrew Constance, Minister for Transport.  The Treasury Legislation Amendment (COVID-19) Bill 2020 has also been introduced by the Treasurer.  The NSW Parliament has started debating legislation to put in place emergency measures for the COVID-19 crisis.

Despite the jitters about large gatherings, MMJ Real estate offices remain "Open for Business" and would like to remind our clients of many personal services we already offer that adhere to the social distancing required to slow the spread of the virus.

MMJ Real Estate, Melbourne announces the appointment of Erin Byfield as an Associate Director of Asset Services, in its Melbourne office. Erin commences with the team on 16 March 2020 having previously spent 5 years with Fitzroys in Melbourne. Erin has over 10 years’ experience in the commercial property industry, specialising in high performance asset services.  

A quarterly review of national rents by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. This was the highest monthly growth rate in the national rental index since January 2018. 

The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for March amid speculation the fallout from COVID-19 would force the bank to ease monetary policy.  The RBA has announced its fourth rate cut in the past 12 months, slashing an already historically low interest rate to 0.5 per cent.

Changes to NSW tenancy laws which improve tenants’ renting experience while ensuring that landlords can effectively manage their properties start on 23 March 2020.