The state’s chief real estate representative body says landlords will struggle to cope with any extension to the rental eviction moratorium.
The Tenants’ Union of Tasmania has called for the moratorium, due to expire on September 30, to be extended until the end of the year, however.
The union’s principal solicitor, Ben Bartl, said this would give renters more time to clear up any rental arrears due to financial hardship caused by the coronavirus pandemic.
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He said he feared the Magistrates Court would see a rush of applications for eviction if the moratorium ended too soon. Real Estate Institute of Tasmania president Mandy Welling said the industry was surprised the moratorium was extended beyond June 30.
She said a recent survey by the Real Estate Institute of Australia showed that 70 per cent of property investors earned $80,000 or less.
“We fear if the moratorium is extended again after the first of October, this could begin to create additional pressure on landlords,” Ms Welling said.
She said it would be unfortunate to see investors selling up due to financial pressure as a result of the moratorium
“The last thing we need is an influx of investment properties disappearing from an already stressed market place,” Ms Welling said.
“A significant shortage of rental properties is a major concern at the moment.
“I’m personally not aware of any landlords experiencing the level of hardship which has in turn forced them to sell their homes, but I would be confident it’s happening.”
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