Long-term leases, extending over years or even decades, are a mythical beast in Australia—either non-existent or as rare as unicorns. Unlike in Europe, where tenants can live in the same rented apartment or house for decades, Australian renters are often faced with short-term leases and seemingly constant moves.
Changes to rental laws in Victoria have recently passed, and are set to be implemented from 2018. In the analysis of a recent article in Melbourne’s The Age newspaper, the benefits seem to be in favour of renters, allowing them to ‘put down roots’. The jury is still out on these changes in Victoria, but it would be interesting to see what would happen if similar laws were implemented in the ACT.
We at Perspective are a mixed bunch of renters, home owners and former share-house sub-letters who have moved our collective possessions around quite often. So we have a few thoughts on the topic of long-term leases.
Long-term leases could potentially be a great way to offer stability to renters, especially families and people on low incomes who perhaps can’t afford to be paying movers every year. Continue reading