RENTAL REFORMS FOR VIC AND NSW
New laws governing rental property passed through Victorian Parliament in September, and NSW laws are about to see their biggest shakeup in two decades. The initial package of reforms in Victoria focuses on strengthening tenants' rights, to provide those who rent with a sense of security and support.
However, the REIV isn't happy, saying the reforms put unfair pressures onto landlords and property managers and will further constrict an already tight rental market.
“We don't think the act needs to be repealed, but if there is a change of government we will be speaking to them about making modifications to the act,” said Mr Simpson.
Meanwhile, in NSW, rental laws are set to see the biggest shakeup in two decades. Major changes include limitations on rental increases and set fees for breaking a fixed-term lease. The reforms also look to bring in no penalties for domestic violence victims who break a lease.
Other changes include minimum standards being introduced around access to electricity and gas, structural soundness in buildings and adequate lighting and ventilation.