Rental Law Reforms – Staying Up-to-date
There has been great pressure on new renters in Moreton Bay, including ultra-low vacancy rates here. To help with fairness and affordability state-wide, the Queensland Government passed an Amendment Bill 2024 for Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bill 2024. This Bill introduces the Stage 2 rental law reforms and continuing professional…Read More→
Why Low Rental Vacancies Have an Upside
Extremely low rental vacancy rates – now 0.7% in Moreton Bay and 0.9% in Caboolture – are one sign of a very tight rental market. To put this into perspective, the REIQ divides rental markets into three categories (tight, healthy, weak). These markets are broken down into vacancy rates: 0 – 2.5% = tight 2.6…Read More→
What the Renters’ Relief Package Means for Property Owners
Through a Queensland Government initiative ‘Homes for Queenslanders’, a $160m Renters Relief Package spread over five years means additional funding for housing services and greater renter assistance. This helps those in need of financial aid, but does it help more affordable rented properties come onto the market? The Rent Relief Package contains: Rent relief through…Read More→