The New South Wales Real Estate Institute urges state government to take action to support tenants and landlords amid recent COVID-19 restrictions.
Tim McKibbin, CEO of REINSW, said the state government's demand for landlords to work with tenants is not sufficient to support the rental market.
McKibbin said the government can extend the same level of support it offers small businesses to homeowners and tenants. Recently, grants of up to $ 10,000 have been made available to small businesses affected by the latest lockdowns.
“When the treasurer said that landlords should work with their tenants, he was actually asking them to provide financial assistance to tenants,” McKibbin said. “This is a situation that has pushed many landlords to the brink of the abyss due to the rent moratorium put in place previously. in law. Back then, like today, landlords were asked to provide financial support to tenants in need. "
McKibbin said the state government had already pocketed an additional $ 1 billion from the stamp duty, which is well above industry expectations. He thinks this clearly shows that the government is able to support tenants affected by job losses or reduced hours as the current epidemic progresses.
“It is entirely appropriate and feasible for the government to provide direct rent assistance to tenants affected by the latest foreclosure so that landlords are not left behind. The owners should not bear the financial burden, ”he said.
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