Urgent Update for Our Valued Property Clients from the Real Estate Institute of Australia – Carlos, Linda & Team LJ Gilland Real Estate

Dear Valued Industry Clients and Friends,

In a win for economic common-sense, National Cabinet convened yesterday and ruled out unequivocally rent freezes and rent controls.

Time to turn words into action

Housing was again rightly front and centre of National Cabinet with:

  1. An extra $3.5 billion in funding for states to deliver a combined 1.2 million homes
  2. A new National Planning Reform Blueprint
  3. A Better Deal for Renters

REIA has welcomed this news but has said its time to turn words into action.

Government and the construction sector now need to deliver on this significant target and funding promise.

What does this mean for renters and family investors

National Cabinet approved a guideline on renting which is suggested that the States implement.

It’s non-binding and unknown to what extent this will occur.

The nine-point guideline covers:

  1. Reasonable grounds for eviction
  2. Eviction appeals
  3. A national standard for single rent increases per year
  4. Rent bidding
  5. Strengthening DV protections for tenants
  6. Limiting break lease fees
  7. Streamlining rental applications
  8. Dealing with short stay rental accommodation
  9. National consistency of minimum standards

With rent freezes and controls now off the table, our member State Institutes will be working hard on make sure adoption of these guidelines, if any, strike the right balance.

Work to be done

Our nation’s first ministers may have seen sense, but we still need to talk it into the Senate Committee.

Please don’t forget to have your say to the National Rental Inquiry by 1 September 2023.

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https://ljgillandrealestate.wordpress.com/2023/08/17/national-cabinet-has-ruled-out-unequivocally-rent-freezes-and-rent-controls/.

Best Regards,

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Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
电话:07 3263 6085
| 手机号码: 0409 995 578 & 0400 833 800
http://ljgrealestate.com.au/testimonials/
linda
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About http://www.ljgrealestate.com.au

Previous Board Member of Singapore & Malaysian Business Associations, BA Modern Asian Studies (GU) majoring in Economics & Mandarin, Licensed Real Estate Agent since 1996. Member of REIQ. Firm Member of Leading Property Managers of Australia. Our expertise at LJ Gilland Real Estate is your peace of mind. Our reputation lies in high performance property sales, and we take great pride in our excellence in property and asset management as well as body corporate management. We find individual solutions to fit our Clients needs. Being property specific rather than area specific because confining ourselves to one area simply wouldn't be giving you what you need. Specialties International Business negotiations, bilingual, Appraising Queensland Based Properties, Contractual negotiations, Dedicated to Family & Business, hardworking & focused to get the best outcomes for each and every Client.
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