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MyBond’s top 5 articles for the week

After another busy week in the news cycle, MyBond has curated the top 5 articles trending in the media this week:
 
1.     Brisbane and Canberra lead nation in rental price surge – By Savings.com
 
Savings.com finance journalist Aaron Bell explores the highest rental price surge in Australian cities, coming in at the highest were Brisbane and Canberra. Bell discovered Brisbane’s housing rentals to have risen 12.9% at the end of 2021, with Canberra not far behind after a 12.5% increase in 2021. 
 
To learn more about the rental price surge please click the link: https://www.savings.com.au/news/brisbane-and-canberra-lead-nation-in-rental-price-surge

2.     Housing stress continues to soar – By 7 News 

7 News reporter Alex Mitchell article examines the findings from the Productivity Commission report on the housing stress in Australia. Mitchell examined the report to find that almost half of the Australian citizens receiving commonwealth rent assistance were spending over 30% of that assistance on rent. As a result, the Australian rental market now resembles a “great white shark”. 

Click the link to learn more about the housing stress in Australia: https://7news.com.au/news/urban-planning/housing-stress-continues-to-soar-report-c-5435542

3.     Where rents have risen the most, and where to nab a bargain – By RealEstate.com 
RealEstate.com article by Emily Hutchinson analyses the rental property market in Australia and details the most inexpensive places in the country to rent. Hutchinson detailed the suburbs where rent has increased and decreased the most in Australia’s largest rental market. Moreover, the article goes on to explain the impact of Covid-19 has resulted in a considerable price change across the rental market, especially in holiday locations! Although Hutchinson emphasised some relief for the highly sought out locations in the not-too-distant future. 

To read more about where rent has risen the most and what suburbs saw the biggest change, please click the link:  https://www.realestate.com.au/news/where-rents-have-risen-the-most-and-where-to-nab-a-bargain/ 

4.     Australia’s median house price passes $1 million for first time in history – By Sunrise 

The Sunrise reporter Hamish Goodall reveals the median house value has exceeded $1 million for the first time in Australian history, which is great for property owners and devastating for first home buyers! The article found that buying a house in Australia’s capital cities is increasingly becoming further out of reach for many. 

5.     Townsville vacancies at 10-year low as rental prices soar, housing supply scarce – By ABC News 
ABC News reporters Zilla Gordon and Henry Bretz found the city of Townsville (QLD) rental prices rising compared to previous years. The article discovered a two-bedroom unit in the CBD to set renters back more than $570 per week, which according to Queensland's Residential Tenancies Authority median rent in Townsville has jumped more than 30% the past three years. 

To find out more about the rental increase in Townsville click the link: https://www.abc.net.au/news/2022-01-28/townsville-rental-prices-match-melbourne-in-real-estate-boom/100781538

Looking to rent rather than get into the property market? Why not contact MyBond!  MyBond is a financial service that helps tenants pay their rental bonds, operating in New South Wales, Victoria and Queensland. MyBond will pay a tenants’ rental bond for a fee of one week’s rent or as little as $150* with no interest, no repayments, and no credit checks.  *T&Cs apply

For more information, contact us today on 1800 342 324 or email us at support@mybond.com.au. 

 By Greer McLeod from the MyBond Marketing Department 


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Terms and Conditions of Affiliate Program

Please read and agree to our Affiliate agreement Terms and Conditions.

MyBond Affiliate Program Agreement

This MyBond Affiliate Program Agreement (Agreement) comprising the Schedule below and the attached Terms and Conditions is made on the date specified in the Schedule between MyBond Pty Ltd ABN 27 644 744 972 (MyBond) and the real estate agent specified in the Schedule (the Agency).

1. Appointment

1.1 Appointment: MyBond appoints the Agency to make Referrals to MyBond on the terms in this Agreement. The Agency accepts MyBond’s appointment on the terms of this Agreement.

1.2 No exclusivity: The appointment of the Agency is on a non-exclusive basis. The appointment does not limit other methods by which MyBond may promote its Services or to reach Prospective Customers.

1.3 Relationship: The Agency is an independent contractor to MyBond. Nothing in this Agreement has the effect of creating a relationship of employer and employee, partners, principal and agent, or joint venturers between MyBond and the Agency.

1.4 Term: This Agreement commences on the Commencement Date and continues until terminated in accordance with the terms of this Agreement.

2.1 General: The Agency must:

2. Agency’s obligations

  1. disclose to a Prospective Customer when making a Referral that it is a referrer for MyBond and will receive a commission;
  2. make Referrals with due skill and care;
  3. comply with all reasonable and lawful instructions of MyBond in relation to Referrals;
  4. comply with all applicable laws and legal obligations;
  5. not allow its interests to conflict with its obligations and duties under this Agreement;
  6. not hold itself out as having authority, or do any act that might reasonably create the impression that it has authority, to bind MyBond in any way;
  7. not make any commitments or incur any liability for or on behalf of MyBond;
  8. not make or give any representations, warranties or other promises regarding MyBond or its Services;
  9. not produce any promotional material for MyBond or its Services without the prior approval of MyBond;
  10. not charge a Prospective Customer a fee for the Referral; and
  11. not use MyBond's name, logo or trade marks without the prior approval of MyBond.

2.2 Privacy: Before providing Personal Information about a Prospective Customer who is an individual to MyBond under this Agreement, the Agency must ensure that it may do so in compliance with applicable privacy laws and the privacy policy of the Agency.

3. Commission

3.1 Entitlement: The Agency is entitled to a Commission for each Successful Referral.

3.2 Amount: The amount of Commission payable by MyBond to the Agency is set out in the Schedule.

3.3 Invoice: Within 10 Business Days after the end of each calendar quarter, MyBond will provide the Agency with a Recipient Created Tax Invoice for that calendar quarter which will specify the Commission payable in respect of that calendar quarter, together with any applicable GST. The Agency must not provide an invoice to MyBond for Commission.

3.4 Payment: MyBond must pay the Commission in respect of a calendar quarter within 20 Business Days after the end of that calendar quarter.

3.5 Clawback: If MyBond does not receive a refund of the full amount of the rental bond for which MyBond has provided the Services, the Commission paid by MyBond for that Successful Referral must be refunded to MyBond on demand. MyBond may debit the amount of any refundable Commission from any future payments of Commission under this Agreement.

3.6 Effect of termination: The ending of this Agreement does not affect MyBond's obligation to pay Commission to the Agency in relation to any Successful Referrals which have been made before the end of this Agreement.

3.7 Discount: In addition to paying the Commission, MyBond agrees that for a Successful Referral, it will discount by $20 the amount payable by the Prospective Customer to MyBond as the fee for the Services.

4. Representations and warranties

Each party represents and warrants to the other that:

  1. it has full authority to enter into this Agreement;
  2. it is not bound by any agreement with any third party that may adversely affect this Agreement;
  3. it has and will maintain all necessary powers, authority and consents to enter into and fully perform its obligations and duties under this Agreement; and
  4. it has complied and will comply with all applicable laws binding on it.

5. Confidentiality

5.1 Obligation: Each party (the Recipient) must keep confidential any information relating to the other party or the terms of this Agreement unless an exception applies.

5.2 Exceptions: The obligations of confidentiality under this Agreement do not extend to information that is (whether before or after this Agreement is signed):

  1. rightfully known to the Recipient at the time of disclosure and there is no obligation of confidentiality on the Recipient;
  2. generally and publicly available (otherwise than as a result of a breach of this Agreement);
  3. required to be disclosed by law or court order; or
  4. required to be disclosed in connection with any legal proceedings relating to this Agreement.

5.3 Consent: If the party to whom the information relates has consented in writing before the disclosure of that information, then that disclosure does not contravene clause 5.1.

6. Termination

6.1 Notice: This Agreement can be terminated by either party without cause by giving the other party not less than 7 Business Days written notice of termination.

6.3 Survival: The following clauses survive termination or expiry of this Agreement: clauses 3.7, 5, 7, 8, and 9.

6.4 Effect: The ending of this Agreement does not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry.

7. Governing law and jurisdiction

7.1 Governing law: This Agreement is governed by the law applying in New South Wales.

7.2 Jurisdiction: The parties submit to the non-exclusive jurisdiction of the courts of New South Wales with respect to any proceedings that may be brought at any time relating to this Agreement.

8. Other provisions

8.1 Notices: Any notice or other communication (Notice) given or made under this Agreement must be in writing and must be sent by email to the email address of a party specified in the Schedule, or to the email address last notified by the intended recipient to the sender. A Notice will be taken to be duly given or made on the same day of sending unless the sender receives notice that the email has not correctly been delivered.

8.2 Amendment: An amendment or a variation of any term of this Agreement must be in writing and signed by each party.

8.3 Counterparts: This Agreement may be executed in any number of counterparts. Each counterpart is an original but the counterparts together are one and the same Agreement.

8.4 Electronic execution: This Agreement may be signed electronically.

8.5 Costs: Each party must pay its own costs and expenses in respect of negotiating, preparing, signing, delivering and performing this Agreement and any other agreement or document entered into or signed under this Agreement.

8.6 Entire agreement: This Agreement is the entire agreement and understanding between the parties on everything connected with the subject matter of this Agreement, and supersedes any prior agreement or understanding on anything connected with that subject matter.

8.7 Assignment and other dealings: A party must not assign, novate or deal with any right or obligations under this Agreement without the prior written consent of the other party, whose consent must not be unreasonably withheld.

8.8 Further assurances: The parties must promptly execute and do all acts and things necessary or desirable to implement and give full effect to the provisions and purpose of this Agreement.

8.9 Severability: If anything in this Agreement is unenforceable, illegal or void, then it is severed and the rest of this Agreement remains in force.

8.10 Waiver: A single or partial exercise or waiver by a party of a right relating to this Agreement does not prevent any other exercise of that right or the exercise of any other right.

9. Definitions

In this Agreement, the following definitions apply unless the context indicates otherwise:

Agreement means this document, including the Terms and Conditions and the Schedule.

Business Day means a day that is not a Saturday, Sunday or a public or bank holiday in New South Wales.

Commencement Date means the commencement date of this Agreement specified in the Schedule.

Commission means the commission payable under clause 3.

Contact Details means the contact details of a person including name, phone number, email address and any other items specified by MyBond.

GST has the meaning given to it in the GST Act

GST Act means A New Tax System (Goods and Services Tax) Act 1999 (Cth).

Personal Information has the meaning given to the term under the Privacy Act 1988 (Cth) and includes Contact Details.

Prospective Customer means a person who may be interested in using the Services.

Recipient Created Tax Invoice has the meaning given to it in the GST Act.

Referral means the provision to MyBond from the Agency of the Contact Details of a Prospective Customer.

Schedule means the Schedule to this Agreement.

Services means the services provided by MyBond of providing financing facilities for rental bonds.

Successful Referral means that a Prospective Customer uses MyBond for Services.