Landlords won’t be able to evict tenants from their rentals in South Australia (SA) without cause under the government’s proposed rental reforms. If they go ahead, landlords would only be able to end a periodic tenancy or not renew a fixed-term lease for a prescribed reason. Those reasons include including any breaches by the tenant, wanting…
If Government Is Serious About Tackling the Housing Crisis, It Must Help Private Investors
Commentary You have to wonder whether Australia’s federal and state Labor governments are trying to drive private landlords out of the residential market. It would be perverse behaviour when Australia has a housing rental and home ownership crisis, but the only alternative explanation is incompetence. In the first place, they’ve set the country up for…
Proposal to Ban Secret Rental Bidding Comes Under Fire in Australian State
Tenant advocates and real estate agents have criticised New South Wales (NSW) laws designed to help tenants amid warnings that bans on secret rent bidding will drive prices higher. The proposed legislation would close loopholes that allow landlords and real agents to covertly solicit bids on rental properties and take offers without informing other prospective…
Aussie State Government Rejects Calls to End No-Grounds Rental Evictions
The Western Australia (WA) government announced rental reforms that will help balance the needs between renters and landlords as the state is the last jurisdiction in Australia where renters can be evicted with no-grounds. WA Commerce Minister, Sue Ellery, introduced rental reforms on May 26 that will improve the rights for renters and provide certainty for landlords….
Refugees Being Squeezed out of Soaring Rental Market
Months after jumping on a military plane to escape the Taliban takeover of Afghanistan, Bahara Samimi was rushing to catch trains to early appointments with Melbourne real estate agents. The 23-year-old Afghan women’s national soccer team player and dentistry student was evacuated by the Australian government, landing in Brisbane for processing, then eventually settling in…
Local Housing Squeeze Tightens Its Grip on Australians
The lines of tenants queuing outside rental properties on a weekend are only expected to get longer as pressures on Australia’s rental market intensify. Fresh data released this week pointed to a re-acceleration in rents as well as a stabilisation in home prices, a situation that St George economists have labelled a “double-whammy” for the…
Australians Return to Capital Cities After Lockdowns, Driving Rental Competition
January 20, 2023
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Australians and overseas visitors are returning to the cities after lockdowns, with a new report showing enquiries for rental listings up 31 percent in capital cities and down 30 percent in regional areas. However, people looking to rent are in for a challenging market, facing strong demand and low supply across the country. The latest…
Australian Rents Grew at Fastest Quarterly Pace, Expected to Climb Further
October 6, 2022
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Rents in Australia rose at the fastest quarterly pace over the three months to September and are set to continue climbing, according to the latest PropTrack Market Insight Report. Median weekly rent prices rose 4.3 percent over the September quarter, following a 2.2 percent rise in the previous quarter. Advertised rental rates also grew 10.3…
Australian Unit Values Falling at Fastest Rate in 40 Years: CoreLogic
September 27, 2022
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The value of units across Australia’s capital cities is falling at a faster rate than what was seen during the onset of the Global Financial Crisis (GFC), according to property researcher CoreLogic. Since its peak in April, units in capital cities have fallen around 2.7 percent, or around $17,500 (US$13,000). In August alone, capital city…
Australian House Values Continue Falling While Rental Market Continue Trending Down
August 19, 2022
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Australia’s rental market remains tight as the residential property market continues trending downwards. Rental vacancies in the CBDs of Sydney and Melbourne fell to 2 percent and 3.4 percent, respectively, in response to the return of international arrivals, according to SQM Research (pdf). Meanwhile, the rental vacancies of other capital cities edged slightly higher but…
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