Rent bidding

Rent bidding is banned from today

Tenants can still voluntarily offer to pay more, which is common in a highly competitive market, and this is not regarded as rent bidding.

The first set of rental reforms, addressing rent bidding and new provisions for retaliatory action, will come into effect today, Thursday 16 May.

Rent bidding:

It will be illegal for agents or owners to ask or encourage tenants to pay more than the advertised price of the home. They face a $10,000 fine if they are found to do so.

Tenants can still voluntarily offer to pay more, which is common in a highly competitive market, and this is not regarded as rent bidding.

Properties will also need to be advertised at a fixed amount and cannot be advertised using a price range or a ‘from’ price.

Retaliatory action:

The reforms include new provisions allowing tenants to seek remedy or compensation from a court if they believe a landlord has taken retaliatory action against them for exercising their rights as tenants.

Tenants already have the right to seek remedy or compensation if action has been taken to evict them after exercising their rights.

The new provisions will cover retaliatory actions such as:

The tenant must believe the landlord’s actions are in response to the tenant exercising their rights, such as:

The tenant may then seek remedy in court for the ‘retaliatory action’ in the form of an order or compensation.

The reforms will be implemented in stages. Stage two, expected in mid-2024, will include limits on rent increases, provisions for pets, allowances for minor modifications, and changes to the dispute resolution process.

We have highlighted the key changes in our 'Facts of the Act' brochure and developed separate flyers for tenants and landlords to help everyone understand what the new legislation means for them.