Figures released last week by CoreLogic confirm a strong uplift of 6.6% in rent values over the year; this follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011.
Regional lifestyle markets such as the Sunshine Coast and Gold Coast, are two of the areas that have experienced the highest price growth, driven by strong demand, outstripping supply; with weekly rents reaching record heights rivalling parts of … Read the full post »
If you are a private landlord, managing your rental portfolio yourself, occasionally you may come across a situation of ‘abandonment’; whereby a tenant has unexpectedly vacated your property.
What are the ‘red flags’?
Late rent
Cessation in communication ie no response to emails etc
Unkempt gardens
Overflowing letterbox
Information from neighbours
Direct indication/communication from tenants themselves
What happens now?
It is essential that you follow the correct procedures before changing the locks and … Read the full post »
The Queensland state government has announced that it will stick with the original deadline of the eviction moratorium for residential tenants. Under the announcement, the moratorium, which is applied to residential tenants suffering an income loss of at least 25% amid the COVID-19 pandemic, will be lifted by the end of the month.
Housing Minister Mick de Brenni said Queensland’s economy is faring better than other states, making it ideal to … Read the full post »
Applying for a rental can be quite stressful, especially if competing with many other applicants for the same property, as is often the case, particularly in lifestyle-driven areas such as the Sunshine Coast. Like anything you are competing for, you need to ensure your application stands out from the crowd, for all the RIGHT reasons, not the wrong ones.
Below are a few helpful tips when submitting your application. They may … Read the full post »
Can a tenant terminate their fixed term tenancy agreement early? What are the implications and laws surrounding this?
A fixed term lease is a promise by the tenant to stay and pay rent for the full term; and any breach of this generally leaves the tenant liable for compensation to the lessor for reasonable reletting expenses. However, there are circumstances in which a tenant can terminate the tenancy agreement early, as … Read the full post »
The Queensland Government’s Department of Housing and Public Works (HPW) have been undergoing an ongoing review of the Residential Tenancies and Rooming Accommodation Act (2008); and a critical part of this process has involved consultation with the public on rental reform, called “Open Doors to Renting Reform”.
One particular area reviewed has been the challenging issue of allowing pets in rental properties – some owners will, some won’t, and can be … Read the full post »