Queensland is moving to radically overhaul renting laws arsenic it becomes the latest authorities to prohibition rental bidding.
It comes arsenic rents proceed to skyrocket crossed Australia.
Rental bidding is the hated signifier wherever an proprietor oregon existent property cause “solicits oregon invites an connection of rent that is higher than the advertised”.
“We’re banning each types of rental bidding successful Queensland,” Queensland Premier Steven Miles stated connected societal media today.
“Renters shouldn’t beryllium played disconnected against each different erstwhile trying to unafraid a home. It should beryllium a level playing field. That’s wherefore we are banning rent bidding.”
He added that the Queensland Government was looking astatine a “new codification of behaviour to halt dodgy and unprofessional behaviour by existent property agents”.
“We privation to marque it fairer for each Queenslanders.”
The caller argumentation is portion of a $160 cardinal renter alleviation bundle announced by the authorities successful Queensland contiguous arsenic the authorities tackles a lodging crisis.
In a raft of projected changes, the authorities said it would tackle the “unfair” signifier of rental bidding and supply bridging loans for rental bonds.
Bonds volition besides beryllium capable to beryllium transferred betwixt rental properties, according to exclusive details of the Renters Relief Package obtained by the Sunday Mail.
“A caller rental assemblage Code of Conduct volition beryllium explored with each parties to ace down connected dodgy and unprofessional practices and guarantee amended protections for renters,” a authorities spokesperson told the Sunday Mail.
“Rent bidding (where prospective tenants are encouraged to outbid each different for properties) volition beryllium banned and penalties volition beryllium enforced against agents who prosecute oregon promote these practices.”
Rental bidding has been banned successful astir states and territories (except Northern Territory) successful caller years arsenic authorities governments effort to beef-up the rights of tenants successful the look of an ongoing nationalist lodging crisis.
In astir states, tenants are inactive allowed to connection much than the advertised rental terms successful an effort to unafraid the rental.
Victoria implemented lodging reforms targeting the signifier successful the past fractional of 2023.
Victorian renter Erin told news.com.au different renters offering to wage much per week than the advertised terms was 1 of the “major challenges” she had portion applying for rentals successful 2022.
“That was a large occupation arsenic a batch of radical were getting (rentals) due to the fact that they were offering similar six months rent,” Erin told news.com.au
In 2022 New South Wales banned licensed agents from soliciting rent bidding. From precocious 2023 this prohibition was extended to immoderate person, including landlords.
The state is facing a dual lodging affordability and rental crisis, with grounds debased superior metropolis vacancy rates of astir 1 per cent and rent increases arsenic precocious arsenic 50 per cent.
Research from 2023 revealed Australian’s present request to gain much than $300,000 a twelvemonth to comfortably spend to bargain their ain home.
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