Maximum Bond Amount
In no particular order...
VICTORIA
1 month's rent (unless the weekly amount is more than $900, or if VCAT sets a higher maximum bond for the rental property).
The bond cannot be increased ('top-ups') during a tenancy under any circumstances, including rent increases or damage to the property.
NEW SOUTH WALES
4 weeks’ rent. The bond cannot be increased ('top-ups') during a tenancy under any circumstances, including rent increases or damage to the property.
QUEENSLAND
4 weeks’ rent. A bond can be increased during a tenancy if the rent is increased. See legislation.
NORTHERN TERRITORY
4 weeks’ rent. The bond can be increased after two years if the rent is increased.
WESTERN AUSTRALIA
4 weeks’ rent, (but if the rent is more than $1,200 per week, the amount of bond should be negotiated between the owner and tenant in which case no limit applies). An additional Pet Bond of up to $260 may also be charged if Pets are allowed to stay at the property. A bond can be increased during a tenancy if the rent is increased. See legislation.
SOUTH AUSTRALIA
New
For any new rental agreements made from 1 April 2023, a bond equivalent to six-weeks' rent can only be charged where the weekly rent is $800 or more. This means the maximum bond amount can be equal to:
- six-weeks’ rent, if the weekly rent is $800 or more
OR
- four-weeks' rent, if the weekly rent is less than $800.
By increasing this threshold, only a four-week bond will be required for most rental properties in SA.
Agreements before 1 April 2023:
4 weeks’ rent (but if the rent is more than $250 per week, the amount of bond can be a maximum of 6 weeks' rent). The bond can be increased two years after it is received or if it has been two years since the last increase. See legislation.
TASMANIA
4 weeks’ rent. The bond cannot be increased ('top-ups') during a tenancy under any circumstances, including rent increases or damage to the property.
AUSTRALIAN CAPITAL TERRITORY
4 weeks’ rent.