The Prime Minister wants tenants and landlords to talk and agree, but the REIA says the main component of that relationship is the real estate agent and they need an income.
Disappointment in the simplistic approach by the Prime Minister in regards to landlords and tenants was the message from the REIA president, Adrian Kelly.
While prepared to support the Government and its efforts Mr Kelly said ignoring the real estate agent in the tenancy agreement raised more questions than it answered.
“Real estate agents are the middle persons who facilitate the agreement between landlords and tenants and manage it as well as the property," said Mr Kelly.
“There are some 70,000 property managers, principals, real estate agents and representatives across Australia. Tenants don’t negotiate with landlords.
“Banks have already indicated that they are offering customers the option to defer home loan repayments for up to six months."
Mr Kelly said the important point was to address the support of agents so that what the Prime Minister wants, in terms of landlords and tenants - finding a solution to get through the crisis, can be achieved.
“Estate agents will work very hard to facilitate the role between landlord and tenant, and to do this they need income," said Mr Kelly.
“I note that National Cabinet is still to consider details. Hopefully these will come so that the Prime Minister’s objectives can be met.”
Similar to this:
Tenants and property managers need Government help: REIA