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WA rent reforms to modernise tenancy laws
The WA Government has introduced tenancy reforms including a ban on rent bidding. As a result of the reforms, tenants or property agents will be banned from asking tenants to pay more money to secure an available rental property. The laws will give tenants the confidence to enforce their rights without retaliatory action such as...
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WA State Budget 2024-2025: Government to incentivise property owners to rent vacant homes
The WA Government will offer property owners $5,000 to convert their vacant properties into long-term rental homes. As part of the 2024-2025 State Budget, the new $5 million Vacant Property Rental Incentive Scheme will offer payments to owners who meet the criteria of the property being vacant for the past six months and agreeing to...
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A Year of Records in the Perth Property Market
According to REIWA, the 2022-23 financial year saw records being broken in the Perth real estate market. While house prices and rental prices increased despite numerous interest rate rises; the time to sell a property was the fastest on record, and the rental vacancy rate was the lowest ever. Read more here.
