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SA to introduce portable bond rental reform
The South Australian government has announced the introduction of a portable bond scheme that will allow renters to transfer their bonds between properties, providing a streamlined and more secure process for landlords and agents.
The introduction of the Portable Rental Bonds Scheme was part of the government’s election campaign, with the government pledging $3.6 million.
South Australian Premier Peter Malinauskas said the scheme would reduce the financial strain on renters when moving homes by underwriting the bond in the transition period, removing the “double bond” payment.
“For too long, South Australians renters have been forced to stump up for a new bond before their old one comes back,” Malinauskas said in a statement on LinkedIn and X.
“We will end this undue stress, because a fair rental market isn’t one where renters are punished just for moving from one house to another.”
Malinauskas said the goal was to have the scheme come into effect within 18 months.
The introduction of the portable bond followed Victoria’s lead, with the legislation changing in October 2025.
The McKell Institute executive director for South Australia and the Northern Territory, Hannah McLeod, said the scheme was a practical reform that will “make a real difference to thousands of renters”.
“For many households, the overlap in bond payments can mean taking on debt or delaying a move to a safer or more secure tenancy.”
“A portable bond scheme removes the pressure associated with moving and modernises the system to reflect how people live and work today.”
“This practical, low-cost reform strengthens livability and when skilled workers or young families are deciding where to live, the ease and fairness of the rental system is a key priority,” McLeod said.