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21 years in the Real Estate industry I just love what I do. Very fortunate to be working with fantastic people and meeting different people every day.

Wednesday, 19 July 2023

WA REMAINS FIRM

 (From REIWA) 

State of Play: Premier confirms WA will retain no grounds terminations


Premier Roger Cook has reiterated WA will retain no grounds terminations, as South Australia announces plans to join other states in scrapping it. 


"We want investors to come into the market to take advantage of the great demand for rental accommodation," Premier Cook told reporters on Sunday. 


"But we don't want to stifle that by putting unnecessary burden (on landlords).” 


Following the South Australian announcement, WA and the Northern Territory are set to remain the only state/territory to allow investment property owners to end a tenancy without a reason. 


The Australian Capital Territory was the first to remove all forms of terminations without a prescribed cause. This included the natural end of a fixed term tenancy, effective from 1 April 2023.  


In Queensland, legislation ending no grounds terminations came into effect in October 2022. However, a tenancy can still be ended without a reason at the end of a fixed term agreement. Tasmania has had a similar system in place since 1997.  


In Victoria, no grounds only apply at the end of the first term of a fixed term agreement.  


In New South Wales, the removal of no grounds terminations for periodic tenancies was an election promise for both the Labor and Liberal parties. With Labor winning the election, this legislation is expected to be enacted this year.  


WA is the only state/territory to retain no grounds terminations following a review of residential tenancy legislation.  


The WA Government announced a range of reforms to the WA Residential Tenancies Act (RTA) in May, including: 

  • Rent bidding to be prohibited  
  • Rent increases to be limited to once a year  
  • Tenants to be able to have pets in most cases  
  • Tenants to be able to make certain minor modifications to the rental premises  
  • The release of security bonds at the end of a tenancy to be streamlined, allowing tenants and property owners to apply separately regarding how bond payments are to be disbursed  
  • Disputes over bond payments, as well as disagreements about pets and minor modifications, to be referred to the Commissioner for Consumer Protection for determination  


Premier Cook said he believed the Government had struck the right balance with their reforms. 


Never ceases to amaze me how they think that those rules are not hindering Landlords they have to be kidding right?  If I dont want a pet in my rental I should be able to say NO. Make certain modifications - wait till you get your own home. Argh seriously we think it's a win it most certainly is not.


MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!! 

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