Living with mould: The ‘tightrope walk’ between landlords and tenants – RN – ABC News (Australian Broadcasting Corporation)

http://mobile.abc.net.au/news/2018-08-15/living-with-household-mould-in-australia/10088802?pfmredir=sm

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Population boom creates long-term opportunities for property investors | afr.com

Population boom creates long-term opportunities for property investors | afr.com

https://www.afr.com/personal-finance/strong-population-growth-creates-longterm-opportunities-for-property-investors-20180806-h13lyp

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A real estate agent in the Inner West region of Sydney has been convicted of stealing more than $210,000 in rental bonds.

36-year-old Matthew Thomas Williams pleaded guilty in Paramatta Local Court.

As a real estate licensee, Mr Williams could access the Bonds Online system to lodge bonds on behalf of the tenants of his agency.

He later then reclaimed the bonds. He did this for 42 separate ongoing leases.

Mr Williams accessed the bonds illegally while working for unnamed agencies in Darlinghurst, Double Bay, and Glebe.

He was sentenced to two 15-month jail terms, but they were suspended pending a period of good behaviour. He was also disqualified from the real estate business for 10 years.

A bond (as our readers surely know) is a fixed sum renters pay up front in case they cause damage to the property. If all is well, that money is refunded to them when they leave.

NSW’s Minister for Innovation and Better Regulation, Matthew Kean, said Mr Williams had accessed client details, and then directed the bond refunds to his own account.

"For almost two years, Williams used his position of trust to claim the rental bonds of tenants, and used the money primarily for gambling.

"This was a planned and ongoing act of deception that was uncovered and reported to Fair Trading by his employer after a tenant requested a bond refund.

"This kind of behaviour is utterly reproachable. It erodes the trust between real estate agents and tenants and general trust across the industry."

Leo Patterson-Ross, Senior Policy Officer at the Tenants’ Union of NSW, said this case illustrates the power imbalance between landlord and tenant.

"This case demonstrates the need for a rethink of the bonds claim system. The bond is tenants’ money being held on trust. So the bond money should automatically be returned to the tenant unless they explicitly agree to the landlord’s claim or the Tribunal has made orders.

“We also want to see Fair Trading investigate more – only a handful of fines are issued a year under the Residential Tenancies Act 2010 and this sends a message to landlords and agents that there are no consequences for breaking the law."

Under the current system, according to Mr Patterson-Ross, it is up to tenants to follow up with any bond issues via the NSW Civil Tribunal.

But most cases are decided in the landlord’s favor.

He further claimed NSW Fair Trading does not properly priorities tenancy matters, as they do other sectors of the real estate market.

Leanne Pilkington, president of the Real Estate Institute NSW, said Williams had gotten off lightly.

"I think it’s an absolute disgrace. I’m glad he has been caught and I think he should be jailed. I think we need to take a firm stance on it.

"That’s why we need better education and we’re following a pathway to creating professional standards and becoming a recognised profession and we need to weed people like that out of the industry.

"It’s going to be harder to become and continue to be an agent [with the industry reforms].

"There’s more requirements on the licensee in charge. If this person was supervised properly he would not be able to do this."

According to NSW Fair Trading, the tenants who were affected are in the process of having their bonds re-lodged.

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Growing cities face challenges of keeping the masses moving up, down…

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HomeSales

http://content.homesales.com.au/campaigns/newsletter-201805/index.html

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WWW.LJGREALESTATE.COM.AU LJ Gilland房地产是一个久负盛名的精品机构,专门从事物业投资管 理服务和销售投资物业与租户到位 – Estate Agent in Aspley

WWW.LJGREALESTATE.COM.AU LJ Gilland房地产是一个久负盛名的精品机构,专门从事物业投资管理服务和销售投资物业与租户到位 – Estate Agent in Aspley

https://wwwljgrealestatecomau-lj-gilland.business.site/websitebw/index.html

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Holland Park West Leasing Opportunity

ljgrealestate

2 Bedroom Plus Study home with renovated and appealing bathroom is close to Greenslopes Private Hospital, public transport, schools and main arterial roads.

ALL PROPERTY ENQUIRIES ARE TO BE SUBMITTED THROUGH THE WEBSITE http://www.ljgrealestate.com.au BY CLICKING “EMAIL AGENT”
****OPEN HOME SATURDAY****

$350 per week Available Now

If applying for this property using 1Form, please email to admin@ljgrealestate.com.au
Positioned in a very desirable location within walking distance to everything this cosy home features:

* Polished timber floors.
* 2 bedrooms plus study.
* Open plan family/lounge/kitchen area.
* Main bathroom.
* laundry
* Bedrooms have mirrored built-ins.
* Off Road Parking
* Mount Gravatt State School catchment
* Holland Park State High School Catchment
* SORRY NO PETS.
* UBD MAP180 N20.

Located in a sought after pocket of Holland Park West, exudes family appeal and effortlessly blends traditional charm with contemporary enhancements. Close to shopping centres and public transport. Easy…

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