Renters Receive Rent Reduction After Losing Income due to COVID-19

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Renters Receive Rent Reduction after Losing Income due to COVID 19

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SYDNEY, Australia – Better Renting surveys 1,000 renters around Australia. As a result, over three out of five renters, or 63%, lose their income because of the Coronavirus pandemic. From renters who lost revenue, 50% requested a rent reduction, yet only 9% gained a suitable rent reduction.

After surveying almost 1,000 renters, 63% of these people experienced income losses because of the COVID-19 pandemic. Out of these people who lost income, 50% requested for a reduction in their rental. Out of the 50% requesters, only 9% had a satisfactory decrease in their rentals.

The data from Better Renting suggests that people who requested for rental reduction got little support. Half didn’t have any deduction. Moreover, one out of five had a rental deferral.

A renter named Janine from Victoria shared her thoughts, saying she didn’t have any idea how they would request for a reduction. She was on monthly leasing, and her worry was on the eviction.

Another unnamed renter from New South Wales also stated how they expected the request’s disapproval, so they didn’t give it a try. As per the renter, it’s not worth the shot.

A renter named Wanita from Western Australia requested for the reduction, yet instead of approval, she received a slight decrease. According to her, they let their landlord know the situation on how they can only pay a certain amount due to the pandemic crisis. She said that they got a $5-decrease.

The COVID-19 crisis pushed several renters to poverty. The survey of Better Renting found that 16% skipped their meals to save up. As for the nearly 44%, they fought to pay bills and rents.

As per Joel Dignam, the executive director of Better Renting, COVID-19 made housing market disparities worse. High rentals push people further to poverty. As per him, the situation is stressful for renters. Receiving eviction notice in their letterboxes is what most renters fear.

Several tenants, who don’t work because of the pandemic crisis, will experience terrible conditions if the government lifts exclusion moratoriums in September and October.

According to the Morrison Government, there was no news on the primary six-month expulsion moratoriums’ extension. However, Victoria considers a stage four-lockdown. It doesn’t stop all the eviction concerns.

As per the New Daily’s report, the eviction announcements are still all across Australia.

Digman said that the country was in the grasp of a housing affordability crunch before the pandemic. Rental costs rose quicker than salaries for decades. Several renters spend over 50% of their earnings on rentals.

People are starting to get into debt, and they lose their homes because few landlords provide rent reductions while a lot of renters lose earnings. This situation worries them.

As per the survey it displays that renters worry on what might happen next after JobSeeker is over in September, or the government lifts eviction-bans. The request to the federal government to retain the existing JobSeeker’s rate so renter will not go further to poverty.

COVID-19 affected a lot of people, yet as per studies, people who rent suffer the most.

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