POANSW endorses a regulatory system that encourages and supports all housing suppliers, both large and small, to meet the ongoing changes in demand for housing in NSW. But we are concerned that the Proposed Diversity SEPP, while conceptually a step in the right direction, will fail to encourage market supply to deliver ‘riskier’ diverse housing…
DetailsThe Government’s HomeBuilder scheme offers $25k for home renovations — but not everyone will qualify. Check and see if you do. Read More
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Renters bailing out, landlords offering free rent, sales values dropping – Covid-19 has had dire effects on the housing market, but it looks as though it could be about to turn around. Photograph: James Ross/AAP The coronavirus crisis is having a devastating impact on the Australian property market, with sales down by hundreds of millions…
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The NSW Government is introducing an interim 60-day stop on landlords seeking to evict tenants due to rental arrears as a result of COVID-19, together with longer six month restrictions on rental arrears evictions for those financially disadvantaged by COVID-19. This is not law as yet ,merely principles for landlords and tenants to follow, but…
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Another week has passed and there has been further updates to the impact on our industry. The Residential Tenancies Amendment (Covid-19) Regulation 2020 commenced 15 April 2020. The Regulation implements the moratorium on tenancy evictions for rental arrears due to a tenant being financially impacted by COVID-19. It also extends the eviction notice periods in…
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If you have commercial or retail tenants asking for rent reductions or want to stop paying rent, you should ensure that you: guide them to all available support measures for their business ask them to provide evidence that they are seeking relief from government announced programs, utility companies, their bank, and the like ask them…
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Changes to the Strata Schemes Management Act 2015 (NSW) will commence on 10 April 2020, allowing the passing of by-laws by Special Resolution that prohibit short-term rentals where the lot is not the host’s principal place of residence. That is, investment lots. Below is an extract from the Strata Management Amendment Act outlining this: 137A…
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Stop the Spread Note POANSW further suggests that occupants advise management if they are self-isolating due to medical advice. Here are 3 important forms from NSW Health: Stop the Spread Click Here To Open Typical symptoms of Coronavirus Click Here To Open Hand washing techniques Click Here To Open
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Coronavirus in Australia: Renters experiencing hardship will be protected by a relief model Australians who rent will be able to stay in their homes in the event they experience hardship due to coronavirus and can’t pay rent. States and territories will work on a relief package for Australians who rent their home to protect them…
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We’ve been watching the COVID-19 situation as it evolves our country, state and suburbs. Each passing day brings new developments. Our nation is now in uncharted waters. We need to stay pro-active, responsive and FLEXIBLE. This world wide epidemic is very complex and emotions to process these circumstances are at an all time high. We…
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