CHANGES TO THE RTA

We have been receiving a lot of calls and emails lately from our landlords, concerned about the proposed changes to the Residential Tenancies Act 1987. Recently, the CY team attended an industry breakfast hosted by REIWA CEO Cath Hart, focused on what these changes will mean for both landlords and tenants. We´re now able to report back to our clients regarding how these changes may affect them and offer some reassurance to those who are worrying about the impact on their investment properties. First, it´s important to emphasise that the amendments have not started yet and are not expected to come into effect until the middle of next year. For now, the current RTA still stands. There is some good news for landlords,

Shreridan Currie - Property Management Team Leader

and overall, the changes being made to our legislation here in WA are a lot better than in other states around Australia. The biggest win for investors is that no grounds terminations will not be removed. Other proposed changes regarding pets and minor modifications are still being finalised in Parliament, and REIWA is working hard to obtain clear guidelines for property managers and ensure landlords’ best interests are protected. The fact is that legislation can and will change over time, and the best thing you can do as an investor is be prepared, but not alarmed. Having a great agent who is across any developments is flexible and able to adapt their processes in response is the key to long-term success.

If you´re concerned about the effect the RTA amendments will have on your investment strategy, please don´t hesitate to get in touch with us.