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extremely disappointed with the WA Government’s decision to extend the
emergency period tenancy legislation for all residential properties, which has disregarded the needs of landlords
and will make it much harder for tenants to find a property.
REIWA President Damian Collins
said the decision to extend the emergency period in its current form, makes no
economic sense and will ultimately lead to higher rental prices and fewer
rental properties available when the emergency period ultimately comes to an
"It appears that the government has used the pandemic as
an opportunity to introduce rent control and meddle in the free market. We
already have a shortage of rental stock and reducing supply further by
dissuading landlords will ultimately mean tenants will find it even harder to
get a property” Mr Collins said.
REIWA members are responsible
for over 160,000 rental properties in WA and have reported just one per cent of
private tenancies have been unable to meet their full rental obligation with
arrears at record lows.
“The Perth vacancy rate has dipped
to 1.6 per cent and extending the ban on rental increases will see a sharp
price increase down the track rather than small incremental increases,” Mr
“In addition, sitting tenants
whose rents are under market will not move, putting those who don’t have a home
in an even more vulnerable position where they will face the distinct
possibility that they cannot get a property.”
Instead of an extension with
the law as it is, the government should have included extra criteria to ensure
that those who are seriously impacted financially by COVID-19, will receive the
support they need.
“The government has allocated
$30 million for rental support and has used very little of it. The better
outcome would have been to use those funds for those still affected by COVID-19
and let the rest of the market return to normal conditions,” Mr Collins said.
“In a time when we need more investors
entering the market to help build up rental stock supply, we are putting up
barriers to not only prevent new investors, but also not helping those
currently providing a basic
human need – housing for all West Australians.”
While this decision is
concerning and disappointing to the industry, REIWA will continue to advocate for
the rights of tenants, landlords and property managers, to ensure that their voices
For more information about REIWA's advocacy efforts, view our advocacy page.
Join the campaign: A fair go for landlords during COVID-19.
REIWA notes that QLD have led the way and will be removing further restrictions from its emergency r...
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The WA Government has extended the emergency period, meaning that the Residential Tenancies (COVI...
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