The Real Estate Institute of Western Australia (REIWA) urges the state government to adopt policies that will provide rental assistance to homeowners affected by the COVID-19 epidemic.
Damian Collins, President of REIWA, said that although the guidelines provided by the government of Western Australia are a big step in helping the industry overcome the economic shocks caused by the ; epidemic, additional help is needed to help homeowners who are experiencing financial difficulties.
"Most other states have rent assistance programs in place – New South Wales announced a $ 440 million program for tenants and residential and commercial landlords." Said Collins.
The state governments of New South Wales and Queensland recently unveiled their respective rescue programs for owners and commercial and residential tenants. These packages take the form of deferrals of property taxes for landowners and crisis payments for tenants.
For its part, the government of Western Australia has announced new laws, implementing a series of measures to minimize the financial impact of the COVID-19 pandemic on tenants and landlords. The state's 2020 rental housing bill will introduce a six-month eviction moratorium and a ban on rent increases.
Collins said that despite these initiatives, policies do not provide any form of rent assistance that will assist landlords whose finances are affected due to the impossibility for tenants to pay the rent.
"The government expects the owners to bear the burden, and although the debt is still the responsibility of the tenant, in some cases the owner will never be able to collect the debt," said -he says.
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