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Tenants Rights - Rent Increases & Decreases

As a landlord, you have the right to set the weekly rent on your property, and the market will determine if anyone is willing to pay that price.

If you decide the current rent your tenants are paying is too low - say, for example, the median weekly rent in that area has increased or the property has increased in value - then you are able to increase the rent. You just won’t be able to do it straight away, and there are rules and regulations you need to abide by.

For one thing, there are limits as to how often a landlord can increase a property's rent, and every state except New South Wales stipulates a minimum waiting period before raising the price.

All states bar the Northern Territory also require you give the tenants at least 60 days notice, to give them time to either review the rent increase or find another property to live in.

Often you’ll find that rents can’t be increased unless this has been added to the tenancy agreement prior to the tenants signing. There are links to each state’s tenancy laws at the bottom of this page so you can have a look.

If you do decide to raise your rent, you should send your tenants written notice that:

  • identifies the new rental amount in clear, unambiguous terms, and
  • clearly identify the date from which the new rent comes into effect

State

Rental increase limit

Notice required

NSW

No limit

60 days

VIC

Once every six months

60 days/two months

QLD

Once every six months

60 days/two months

WA

Once every six months

60 days/months

SA

Once every 12 months

60 days/eight weeks

ACT

Once every 12 months

60 days/eight weeks

TAS

Once every 12 months

60 days/eight weeks

NT

Once every six months

30 days

Don’t forget to advise us if your rent has been increased or decreased, contact jason@realrenta.com

Not yet a RealRenta Landlord? Start now and save 50% off the normal subscription costs: https://mailchi.mp/realrenta/50-deal-2020

Jason Gwerder
Thursday, 16 April 2020


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