23/06/2026
THE LANDLORD SERIES - TIP OF THE MONTH
Rent should reflect current market conditions rather than remain static over time. Under current NSW Fair Trading legislation, rent can only be increased once within any 12-month period, regardless of whether the tenancy is fixed-term or periodic. Any increase must be reasonable and supported by comparable properties within the local market.
A well-informed rent review helps ensure your property remains competitive. Overpricing may reduce tenant enquiry and increase vacancy periods, while underpricing can unnecessarily reduce your investment return.
Key rent review considerations include:
• Local vacancy rates
• Recent comparable rental prices
• Property condition, presentation, and upgrades
• Current tenancy agreement and lease terms
• A minimum of 60 days written notice is required prior to any rent increase