But the premise is flawed. If a landlord has a long standing tenant say 10 years on a yearly lease that was renewed annually with rental adjustments, putting current rent, say for argument’s sake, double what it was 10 yrs ago, the bond data will reveal ONLY the rent charged in the tenant’s first year some 10 years ago because FT informs that the quantum of the bond cannot be changed until there is a change of tenant.
Fortunately, the NSW Rent Check system will take into accuont the past THREE months’ rental data for each poastcode. The Rent Check system is now up and running. There is a common questions section which addresses this issue.