What is the maximum bond amount?

The maximum bond you can take depends on where your property is. Here's the current rule for each state and territory.

PropertyNow automatically populates a compliant bond amount when you create your lease agreement. If you'd like to vary it, please contact our support team before sending the lease to your tenant.

No bond is taken on a tenancy renewal; the original bond carries over. If you genuinely need a new bond, that's a new tenancy agreement rather than a renewal.

New South Wales

Maximum of 4 weeks' rent.

Victoria

Maximum of 1 month's rent if the weekly rent is $900 or less. Above $900 a week there's no set limit (and VCAT can approve a higher amount in some cases).

Queensland

Maximum of 4 weeks' rent — for every general tenancy, regardless of the rent amount. This changed on 30 September 2024, when the old "$700 a week" threshold was removed. The cap covers all bond money combined, whatever it's called — Queensland doesn't allow a separate pet bond on top. If a pre-existing tenancy had a larger bond and has since been renewed, the tenant can claim back the excess.

South Australia

Maximum of 4 weeks' rent if the weekly rent is $800 or less, or 6 weeks' rent if it's above $800.

Western Australia

Maximum of 4 weeks' rent if the weekly rent is $1,200 or less (no set limit above that). WA is the only state that allows a separate pet bond on top: up to $350, covering pet-related damage and fumigation (since the bond reforms commenced 28 March 2026). An existing pet bond taken under the old $260 cap can only be increased to the new amount at the next rent increase, or when a request for an additional pet is approved. No pet bond can be charged for assistance dogs.

Tasmania

Maximum of 4 weeks' rent.

Northern Territory

Maximum of 4 weeks' rent. There's no bond board in the NT — as the landlord, you hold the bond on trust in a compliant NT account. See How to lodge the bond in NT.

Australian Capital Territory

Maximum of 4 weeks' rent.

For step-by-step lodgement instructions for your state, see What is a bond and how does it work? — it links to our detailed guide for each state and territory.

Bond rules are set by state legislation and do change from time to time. Last reviewed: July 2026.

Updated on: 08/09/2026