Prime Minister Scott Morrison and state and territory leaders implemented a moratorium on all residential evictions in March to avert fears of widespread homelessness but have yet to come up with a plan for how to keep rents flowing.
NSW has flagged it will introduce land tax concessions by providing landlords with a tax discount in exchange for rent reductions. Other states are expected to follow but a nationally consistent approach on rental waivers or a proportionality principle for residential tenants has yet to be adopted.
JennieDuke ErykBagshaw we speak of a moratorium and yet, in NSW at least, the law remains unchanged.
JennieDuke ErykBagshaw I wonder what the story will be like when vacancy rates start to increase?
JennieDuke ErykBagshaw All investments have an element of risk, as everyone knows. If you want consistent cash flows, put your money in a term deposit.
JennieDuke ErykBagshaw “The easiest way to fix this problem from our point of view is to keep rents flowing”. So says every rent-seeking industry
JennieDuke ErykBagshaw If you can't pay your rent, don't pay it. They can't evict everyone. It's about time renters got their own back.