Rents up faster

Rental growth has overtaken house price growth. In the year to March, rents rose an average of 7.6 per cent in NSW and 6.5 per cent in Victoria, according to management firm Run Property, which looks after 18,000 properties on Australia’s east coast. There was growth beyond 10 per cent in Sydney suburbs such as Kogarah, Glebe, Chippendale and Randwick, […]

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RP Data Report

The Federal Budget was supposed to be the most important economic report released this week however, from a property market perspective it delivered very little. The only points of note affecting the housing market were: the skilled migration target has been revised upwards to 185,000 (from 168,700 the year before) and mostly focused on regional areas where workers are desperately […]

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NSW Tenancy Laws

The Residential Tenancies Act 2010 was passed by Parliament in 2010 and the new laws will commence on 31 January 2011 which is just around the corner. Until then, the existing laws will continue to apply. The new Act follows a comprehensive review of the existing tenancy laws and includes more than 100 reforms. Some of the changes include: A […]

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