Cairns Mortgage Broker – Preston Finance – Home Loans Cairns

UPDATE: New Rental Reform for Queensland Property Investors

cairns mortgage brokers

The Palaszczuk Government recently announced changes to Queensland rental legislation, which they said is to ensure safety and fairness in the community. The new changes could mean that tenants are given more rights, making the prospect of investing in property less desirable for some.

What are the changes?

Some of the laws under the proposed reform include:

  • A landlord will be required to have reasonable grounds for refusing a tenant’s request to keep a pet;
  • A tenant will have the right to make minor modifications to a rental property without a landlord’s approval; and
  • All rental properties will need to meet certain standards addressing:
  • Weatherproofing and structural soundness
  • Plumbing and damage
  • Security
  • The standard repair of fixtures and fittings
  • Control of pests and vermin
  • Ventilation, lighting and privacy
  • Cooking and food preparation facilities

The Palaszczuk government said the changes came as a result of community consultation, with over 135,000 responses submitted.

For more information about the new rental reform, get in touch with one of our mortgage brokers in Cairns today.

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