Would Your Investment Pass the Proposed WOF for Rental Properties?

As part of the government’s proposed budget, introduction to rental WOF’s has been on the agenda. Although the proposal is only directed at state housing, it may only be a matter of time before the these WOF’s are introduced to private rental properties as well.

The checklist which will be used by assessors is certainly a work in progress and it’s been suggested based on the current checklist that 90% of homes would fail a WOF. But no need for panic at this stage, this will be developed and improved after further trials to ensure that any checklist and methodology is practical for assessors and landlords to comply with.

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