Professionals Real Estate 
What the coronavirus means for renters
In response to the coronavirus the Australian government has announced a six-month moratorium on evictions to keep a roof over the heads of struggling tenants throughout the country.
This has come as a welcome relief to many, and means that those who lose their jobs during this difficult time will still have the security of a home to go back to.
While this is important to have in place during a public health crisis, Minister Scott Morrison has stated, “There is a moratorium on evictions. That doesn’t mean there is a moratorium on rents.”
There are many property investors that are facing difficult situations at present too, and they may struggle to cover mortgage repayments if they don’t receive rental income.
To help assist landlords and their tenants, states and territories have been offering relief packages.
The details in some states are still being worked out, but in Victoria for example there is a $500 million package to assist commercial and residential landlords and tenants. Relief is available for landlords who provide tenants with rent discounts, while rental assistance will also be available for those in rental distress.
Tenants and landlords should check what is available in their state to see if they are eligible for any benefits.
Communication is key
Those who are struggling to meet rental payments at this time, or think they may need to in the future, should get in touch with their property manager or landlord as soon as possible to work through any potential issues.
While tenants are still responsible for paying their rent, they may be able to arrange something like a temporary deferral or rent reduction depending on what the situation is.
It’s also a good idea to get in touch with your state or territory’s tenancy support service. They can offer counselling and legal guidance and may be able to direct you on where best to go to get support or rent assistance.
