Ep155: Sophie Lyon - An Update on the Residential Tenancy’s Act and Paying Bonds Online

It's been just over 18 months since the new Residential Tenancies Act has been implemented. How has it been received? What are the trends in investing? What are the vacancy rates? How has it rocked the real estate industry?  Are property managers feeling a little more relaxed with knowing what is expected from them? 

Sophie Lyon is a Director and General Manager of Property Management of Jellis Craig Boroondara, Director and accredited trainer of the REIV, and oversees the management of over 2500 properties. She has been helping our Real Estate Right listeners with all their property management needs in clear and concise fashion over the last two years. 

1. So now it's been about 19 months since the new Residential Tenancies Act came into play, what changes have happened to iron out any creases?

2. Have you seen a comeback from investors?

3. Overall, most people look at the new changes as a win for tenants, to ensure they have a safe and comfortable place to live, raising the standards of acceptable quality. Do you think it has backfired a little? Are there any proposals to make it more attractive for investors?

4. Sally from Footscray wants to know if the landlord is waiting for his plumber son to come fix a leaking tap after hours, after he has finished work, is that acceptable?

5. There was a trial in 4 local government areas earlier this year to put granny flats in properties over 450sqm to combat affordability. Do you think this will help the affordability crisis, or do you think it's a little too late, as the demand for granny flats may be overwhelming the already stressed building industry?

6. What is the new online bond lodgement system?

7. When will it become available?

8. How will it help renters?

9. How will it help rental providers and property managers?

10. Is there anything else we need to know?

 

CONTACT SOPHIE at Jellis Craig - Boroondara.

Phone: (03) 9810 5053

Email: sophielyon@jelliscraig.com.au

Website: jelliscraig.com.au

 

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