February Property Edit: Market Update and Insights
Firstly, thank you for your support as I begin this exciting new chapter with Morish Buyers Agency. Your kind words have been warmly appreciated, and I look forward to being a part of your property journey.
I’m delighted to welcome you to my newsletter, where I’ll share expert insights into the Sydney property market, valuable tips for buyers, and highlights from our beautiful city.
Let’s dive into this month’s updates!
PROPERTY MARKET UPDATE
NSW Rental Reforms – What You Need to Know
Keeping up with the ever-changing Sydney property market is essential. These new rental reforms, set to take effect in early 2025, are important for renters, landlords, and investors to understand.
End of ‘No Grounds’ Evictions: Landlords must provide valid reasons to end a tenancy, offering renters more stability and security.
Pet-Friendly Renting: Tenants can request pets, with landlords only able to refuse under specific legal grounds, making pet ownership more accessible.
Limits on Rent Increases: Rent can only increase once every 12 months, providing financial predictability for renters.
Payment Protections: Landlords must offer free payment options and can no longer charge background check fees, reducing costs for tenants.
These reforms enhance tenant protections and introduce new compliance requirements for landlords. If you’d like to understand how these changes might affect your property search or purchasing decisions, I’m here to help – feel free to reach out anytime to discuss your needs.
Tips and Insights
Did you know a buyer's agent does more than just find properties? I provide in-depth market analysis, assess recent sales, and evaluate current market conditions to ensure you make well-informed decisions every step of the way. I invite you to visit my website below to discover how I can secure your ideal property with confidence and ease.
SYDNEY HOTSPOT
Sydney's vibrant lifestyle keeps getting better, and The EVE Hotel in Redfern is proof. Dubbed 'A playground for the curious and creative' it's offers a rooftop pool with stunning city views, a lively dining scene, and luxurious wellness amenities. The EVE reflects the energy and charm that make Sydney such an incredible place to live.
MUST-READ
In my last newsletter, I discussed the future of housing in NSW and the current undersupply. This fascinating article highlights how the NSW government plans to tackle this challenge by adding twelve new pre-approved housing designs to its fast-tracked building initiative. These designs — from terraces to mid-rise apartments — aim to promote affordability, sustainability, and faster delivery of diverse housing options across the state.
Ready to find the right property with expert guidance and support?
Let’s chat.
0431 950 813
victoria@morishbuyersagency.com.au
Victoria Morish