New Powers for NSW Tenants

17th October 2018 saw the passing of the Residential Tenancies Amendment (Review) Bill 2018. The key changes, according to Minister for Innovation & Better Regulation, Matt Kean are written below.

17th October 2018 saw the passing of the Residential Tenancies Amendment (Review) Bill 2018. 

The key changes, according to Minister for Innovation & Better Regulation, Matt Kean include: 

• The introduction of a new minimum standard for properties
• Restricting rent increases for periodic leases to once a year
• The ability for tenants to make minor alterations to properties
• The ability for tenants to get rectification orders from Fair Trading for repairs 
• The ability for victims of domestic violence to break a lease without incurring a penalty


This has certainly evened up the balance of power between investors & tenants. The concern here is if the investors will accept these changes or decide it’s all too hard & offload their investment properties.

Whilst I believe that allowing victims of domestic violence to break leases without penalty is good, someone should be held responsible for damage & losses to the landlord. Breaking of leases is also a concern but it depends how this will be allowed in the lease as currently the landlord has the choice to allow lease break or not. The bill is not in effect and the date is unknown as the Governor of NSW, David Hurley will need to give his assent. We will keep you updated as more information unfolds. 

Author: Stephen Thompson

Keep Buzzing

It has been a busy selling month! Spring always is & we have certainly experienced a bit of growth since the slow start to the year.  We’d love to share with you that we have a brand new location which we are very excited about. I’m sure nobody has to ask

Market Update

Louise Fleming

2/10/19 3:11pm View
As predicted for the first time in nearly 3 years, the cash rate has been reduced by 0.25% to a record low of 1.25%! While making the statement the Reserve Bank Governor said

Interest Rate Update: June 2019

Stephen Thompson - Director J.P.

7/06/19 3:31pm View
Well winter has arrived with the mornings & evenings now getting a little chilly, but the days are absolutely beautiful with day time temperatures still reaching 22 degrees & I hear the water temperature is the same! It's no wonder why this is now the tim

Holiday Report: June 2019

Dianne Flynn - Holiday Specialist

7/06/19 2:48pm View