Tenants who are currently living in property in Carnegie need to be aware of a number of changes to the Residential Tenancies Act, which are set to affect real estate throughout Victoria. The state government is carrying out an investigation into several aspects of the letting industry, with potential ramifications for landlords and tenants alike.
The Real Estate Institute of Victoria (REIV) explained that tenancy laws are being placed under the spotlight, especially with regards to each party’s individual rights and responsibilities. According to the group, any changes to legislation could impact 500,000 properties throughout the state.
Surveys are currently being distributed by the REIV in a bid to find out exactly what people think of the legislative framework. Landlords and tenants of real estate in Carnegie and other areas are being asked to put forward their views.
There is also an opportunity to access a dedicated website from Consumer Affairs Victoria, which outlines the state government’s Plan for Fairer Safer Housing.
Issues covered by the consultation include what information should be given to tenants when they first move into a property, screening processes and enforcing certain rules and regulations. Other areas include the rules surrounding sub-letting and what happens when duties under the Residential Tenancies Act are breached.
Submissions can be made until 3 May and a final report will be drawn up over the coming months.
Carnegie remains a popular destination for renters and investors alike, so why not see what we have to offer? Matt Hurlston and the team are ready to take your call and help you discover more about what makes this part of Victoria so popular.
Located just 12 kilometers from Melbourne’s bustling CBD, Carnegie is a vibrant suburb offering a balanced lifestyle with its blend of urban convenience and suburban charm. Over the last 12 months, Carnegie has seen a median sale price of $1.7 million, with a 1.76% increase in median sale price. The … Read more
Nestled 13 kilometers southeast of Melbourne’s bustling CBD, Murrumbeena offers a tranquil escape from the urban hustle while maintaining convenient access to the city. Boasting a rich tapestry of amenities, educational institutions, and recreational spaces, Murrumbeena is a sought-after locale for families, professionals, and individuals alike. With its tree-lined streets, … Read more