Legislation changes to limit rent increase frequency to once a year will come into effect from 1 July 2023. The annual limit on rent increase frequency will apply to all new and existing tenancies.
Any rent increase after 1 July 2023 will only be valid if it has been 12 months since the previous rent increase. More frequent rent increases written into tenancy agreements prior to 1 July 2023 will not apply.
This applies for the duration of the tenancy if at least one tenant or resident is the same when the agreement is renewed. The 12-month minimum period continues to apply if there is a change to the rental property owner or manager.
Once the new legislation comes into effect, rent may only be increased within a 12-month period if:
- there is a new tenancy agreement and
- none of the tenants are the same as those on the previous agreement.
Current laws around rent increases continue to apply until the new legislation comes into effect on 1 July 2023.
Under current legislation, rent may be increased if it has been at least six months since the last rent increase or since the tenancy started. Learn more on the https://www.rta.qld.gov.au/rent.
