The real estate industry has warned the situation facing tenants, landlords and agents is 'a mess' as cash-strapped residents struggle to pay rent | JennieDuke ErykBagshaw
Prime Minister Scott Morrison and state and territory leaders implemented a moratorium on all residential evictions in March to avert fears of widespread homelessness but have yet to come up with a plan for how to keep rents flowing.
NSW has flagged it will introduce land tax concessions by providing landlords with a tax discount in exchange for rent reductions. Other states are expected to follow but a nationally consistent approach on rental waivers or a proportionality principle for residential tenants has yet to be adopted.
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