New Government Framework to Regulate Residential Property Managers for Better Rental Outcomes
The Government is introducing a new regulatory framework for residential property managers to improve accountability, consistency, and trust in the rental sector. This regime will establish a public register, set clear standards for financial management and conduct, and create a formal complaints and disciplinary process supported by dedicated authorities. The changes aim to protect client funds, ensure proper training and eligibility, and foster a stable housing market benefiting both landlords and tenants.