Season 4 - Episode 57 - NSW and QLD Rental Legislation Updates: How Changes Impact Landlords and Tenants

Stay up to date on legislation changes that could affect your investment property and tenancy outcomes! OpenCorp General Manager - Property Management, Jeremy Bishop & Team Leader - QLD, Jess Brady, discuss the recent legislative changes in rental laws for New South Wales and Queensland. Key points include:

New South Wales:

1. Removal of No-Grounds Evictions: Landlords must now provide a valid reason for ending a tenancy, similar to Victorian laws. Reasons may include property sale, moving in, or renovations.
2. Rent Bidding: It is now illegal for landlords or agents to solicit offers above the advertised rent.
3. Minimum Standards for Habitation: These include structural soundness, lighting, ventilation, plumbing, and disclosure of property issues like flooding or significant repairs.
4. Rent Increases: Rent can only be increased once per year.

Queensland:

1. Rent Bidding Changes: Landlords cannot accept unsolicited higher offers from tenants, emphasizing the need for accurate rental pricing from the start.
2. Rent Increases: Linked to the property, not the tenancy. This affects situations like break leases, where previously rent could be adjusted if tenants left early.
3. Minimum Housing Standards: Effective from 2023 for new tenancies, and soon for all properties, these include standards like mold-free environments and privacy for all bedrooms (e.g., with blinds).
4. CPD (Continuing Professional Development) Points: Upcoming changes will require property managers to complete annual training monitored by the Office of Fair Trading to stay updated on legislation.

These changes reflect a growing emphasis on tenant rights, transparency, and professional standards in property management.

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