Rent Increase Frequency Changes From 1 July 2023
Legislation changes limiting rent increase frequency to once every 12 months will come into effect from 1 July 2023.
The annual limit on rent increases will apply to all new and existing tenancies. Any rent increase after 1 July 2023 will only be valid if it has been at least 12 months since the previous rent increase.
More frequent rent increases written into tenancy agreements before 1 July 2023 will no longer apply once the new legislation comes into effect.
How the 12-Month Rule Applies
The 12-month minimum period applies for the duration of the tenancy if at least one tenant or resident remains the same when the agreement is renewed.
The rule also continues to apply if there is a change to the rental property owner or property 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 Rent Increase Rules
Current laws around rent increases continue to apply until the new legislation comes into effect on 1 July 2023.
Under the 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 Residential Tenancies Authority website: https://www.rta.qld.gov.au/rent
