The residential property market in NSW is entering a new era. There are now more than 820,000 residential rental households across the state, and demand for quality rental accommodation is set to rise over the coming years as more and more people move to NSW. Landlords, tenants and property managers need residential tenancy laws that respond to the market’s contemporary needs and strike the right balance between flexibility and certainty.
The Residential Tenancies Act 2010 introduced significant changes to the regulation of residential tenancies in NSW. Now, a little more than five years on, it’s time to review the Act with a view to ensuring the right laws are in place to manage future developments in this vital area of real estate practice.
As the NSW Government conducts the five-year review of the Residential Tenancies Act, we will provide you with the information you need to know.