Media reports indicate fear and confusion in residential property markets in the absence of clear government direction in some States.
Landlords rushing to throw out tenants. Tenants planning a rent strike. Landlords cutting rents to try to secure tenants ahead of an uncertain future.
The Qld Government recognised the delay in Federal government payments stepping in with the COVID19 Rental Grant, a one-off payment of up to 4 weeks rent ($2000 max) available to those affected by the COVID19 pandemic without access to other financial assistance. The Grant is paid direct to the lessor. https://bit.ly/3e4xwR0
A sensible move tha t should ensure many Qld tenants who have lost their jobs can continue paying their rent until Federal government assistance kicks in.
It is surprising that other States do not appear to have followed Qld's lead as it should minimise evictions and possible strike action while States put in place stop gap legislation.
Landlords rush to throw out tenants in eviction ban confusion https://bit.ly/3bTqm02
Real estate agents 'abused' as coronavirus rent-strike grows https://bit.ly/2RmZzRP
Sydney landlords slash asking rents to secure tenants amid coronavirus https://bit.ly/2yCjtSi
April 2020
© PELEN 2020
The content of this publication is intended to provide a general overview on matters which may be of interest. It is not intended to be comprehensive. It does not constitute advice in relation to particular circumstances nor does it constitute the provision of legal services, legal advice or financial product advice.