Landlord Update from our PM Team

9th April 2020 

We would like to take this opportunity to wish you Happy Easter break, we hope you and your family are well & safe over this time.

QLD TENANCY LAWS

As a result of COVID19 (Coronavirus) we wish to remind everyone that to date there have been no law changes for tenancy in Queensland.

ARREARS 

At this stage we are experiencing very low arrears as a result of covid-19 in our office. We are working closely with any tenants who have lost jobs or had income reduced. 

HARDSHIP APPLICATION

We have designed a new form for tenants to complete with the information that would be requested by QCAT to confirm the legitimacy of the tenants claims.  The request includes bank statements, termination letters and centrelink applications. When any tenants apply for hardship we will keep you updated. 

ROUTINE INSPECTIONS

Whilst we are unable to  complete the inspections in person at this time,  we have requested images and footage of the property from the tenants along with a maintenance report of any essential work for those due or overdue an inspection.   We are also running a competition for the tenants to win takeaway meal vouchers for those assisting us. We are also undertaking drive bys of many homes in the area.

LATEST GOVERNMENT ANNOUNCEMENTS

On 9 April, The Government’s $130 billion JobKeeper scheme — the largest financial lifeline package in Australia’s history — has just been passed with the support of both sides of Parliament.

It’s expected to be accessed by about 6 million workers.  Before we get to some lingering questions about how the scheme is going to work, here’s a quick recap of what it’s offering:

  • Businesses affected by COVID-19 can receive $1,500 per employee, per fortnight
  • The businesses must pass the payment on to their staff
  • The wage subsidy package is budgeted for six months

As of Wednesday morning, 750,000 businesses had signed up and that number is growing

On 3 April, Australian governments met as the National Cabinet and the Prime Minister noted that further work will be done by the Treasurers on residential tenancies. He also noted the previously announced moratorium on evictions does not mean there is a moratorium on rents.

On 1 April, the Queensland Government released details of a COVID-19 Rental Grant to assist Queenslanders who have lost their job due to the impacts of COVID-19 and who don’t have access to other financial assistance.

On 29 March, the National Cabinet agreed on a six-month moratorium or freeze on evictions and principles for residential and commercial tenancies. At this time, there is no further information on how the moratorium for residential tenancies will be applied.

On 24 March, the Prime Minister announced that real estate auctions, auction houses and gatherings of people in auction rooms, and open house inspections were no longer permitted. Private appointments for inspections are allowed.