How often can rent actually increase in Queensland?

Questions around rental increases are one of the most common we get asked.

What Deb says

The easiest way to explain this is you can have a rental increase once every 12 months. This is based on the property, not the tenancy.

So, say there's a change of tenancy halfway through a 12-month lease. Your team is going to talk to you about your options. You obviously cannot advertise it as a new rental increase or start with the rent increase, but you may be able to build in a rent increase or change the length of the term of the tenancy.

Good asset management isn't just about increasing rent. It's about balancing legislation, tenant retention, market conditions, and long-term performance. That balance comes down to an experienced team and great systems, to ensure timelines are met and properties are delivering good returns.

For more detailed information, feel free to reach out today.