For many renters, one of the biggest challenges when moving homes is paying a new rental bond before the old one is returned. This often creates unnecessary financial pressure during an already stressful transition.
The Portable Bond Scheme is designed to change that. Instead of having to come up with additional funds while waiting for your previous bond refund, this initiative allows your existing bond to “move” with you to your next rental property.
It’s a practical solution that recognises the financial realities faced by everyday Australians and aims to make renting more accessible and flexible.
As someone who understands the strain that the gap can cause, I believe the Portable Bond Scheme represents a step forward in supporting renters and creating a fairer, more efficient rental system.