Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Canberra gives renters ‘2 extra months to settle their debts’

By Grace Ormsby
04 May 2021 | 1 minute read
Canberra

The ACT government has re-extended its deadline for tenants to pay up any outstanding rental debts post-COVID-19.

Tenants facing rental arrears due to the pandemic have now been granted until 30 June 2021 to repay any outstanding debt, a statement from the territory government said.

The deadline for the support measure was initially supposed to end in January 2021, before that deadline was pushed out until April.

Advertisement
Advertisement

During the two-month extension, landlords will not be able to evict tenants in arrears, but renters will be expected to pay their rent as it falls due during the transition period.

The government highlighted that the transitional measures will allow COVID-19-impacted tenants who are in fixed-term leases to end their leases early and without penalty if they do need to move due to a change in their circumstances.

Weighing in on the extension, the territory’s Attorney-General, Shane Rattenbury, acknowledged “the past year has been really tough on ACT residents who have lost their incomes and livelihoods due to COVID-19”.

He said: “Many Canberrans were also thrown into poverty when the federal government cut JobSeeker payments last month.

“We want to give tenants who are experiencing financial hardship more time to get back on their feet, repay their debts and stay in their homes, which is why we have provided a further two-month extension.”

That delay aims to ensure “that those Canberrans who are now starting to find their feet after a difficult 2020 are not knocked back over by having to pay back their debt all at once”, Mr Rattenbury explained.

“At the end of the moratorium period, tenants will still be required to pay this back, but with JobSeeker payments ending, these two extra months to settle their debts can make a world of difference for vulnerable Canberrans,” the attorney-general continued.

Joel Dignam, the executive director of Better Renting, believes the extension will make a “huge” difference for affected ACT residents.

“This is good news for the thousands of ACT renters who are still coming to terms with the effects of COVID-19,” he said.

Mr Dignam noted Canberra’s rental market as incredibly tough right now, with a lot of competition for a small number of vacant properties, before stating that the continued support “will help those tenants still recovering from COVID-19”.

The government also indicated that the new extension aligns with its support of landlords until 30 June 2021, which provides land tax and rates rebates for those landlords who have reduced rent for COVID-19-affected tenants by at least 25 per cent.

Canberra gives renters ‘2 extra months to settle their debts’
Canberra aerial reb
lawyersweekly logo

ABOUT THE AUTHOR


Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.