Rental Update

The usual New Year’s scramble for people to find new homes is well under way as people return to the city and to new jobs, schools and circumstances. This year there is a distinct lack of demand for inner city apartments created by the cessation of international migration, and in particular the inability of foreign students to enter Australia. The return of the internationals will happen when the vaccines are provided and travel and migration are once more freely indulged, perhaps by the end of 2021. Here’s hoping.

Amendments to the Residential Tenancies Act passed by the Victorian Government in 2018 will come into place at the start of April offering greater protection and clarity to tenants. As part of Abercromby’s commitment to meeting with the incoming legal compliance and to remain ahead of the legal changes we will be releasing an easy outline of the important and pertinent changes for tenants and landlords before they come into effect. All properties will be audited and updated where necessary to comply with the new legislation.