Triggered by the difficulties created by the pandemic and without any evidence, Parliament determined that landlords are heartless and would evict their tenants at the first opportunity.

This is the sentiment of REINSW CEO Tim McKibbin who has been fighting for the rights of landlords since the beginning of the Coronavirus.

He states that armed with this erroneous perception, Parliament determined that immediate legislative intervention was required to protect tenants during the COVID-19 pandemic.

“Bizarrely, Parliament crafted a solution to a problem they thought they might have,” said Mr McKibbin.

“Surely, the more prudent approach is to deal with an actual problem when/if it surfaces, rather than guessing at what it might be. 

“Do landlords and tenants really need so much red tape imposed on them to work out a deal?

"We should also be asking ourselves, would the existing residential tenancy laws have been sufficient to protect tenants?” 

Mr McKibbin said given the speed of the solution, he cannot help thinking that there was too much politics and not enough thought at play. 

“Instead of creating an environment where landlord and tenant were put onto an adversarial footing, it would have been far more productive to foster the “we are all in this together” philosophy,” said Mr McKibbin. 

“We do have a few selfish people doing the wrong thing - both landlords and tenants – that’s to be expected, however, the overwhelming majority of landlords and tenants have demonstrated a genuine willingness to help one another.

"My faith in the NSW residential rental community to voluntarily work together as one, is clearly not shared by Parliament." 

Mr McKibbin asks if Parliament has created a fair outcome for all, or just passed all the financial pain to the landlord and in doing so declared the problem solved? 

“There has been no consideration given to the landlord’s financial circumstances due to COVID-19 in the public narrative to date – has the Landlord lost their job? 

"“Landlords are expected to reduce and/or defer the rent whilst at the same time meeting all of their obligations attaching to the property.

"These include: Council rates, water charges, insurances, strata fees and repairs."

Mr McKibbin said some landlords will find themselves in the unenviable position of receiving no rent but compelled to quickly respond to any repairs. 

“Any deferment from mortgage repayments is not free," said Mr McKibbin.

"The banks will be charging interest on the outstanding balance.

"So, landlords who are required to reduce the rent and unable to make their mortgage repayments get the double hit, reduced rental income and additional interest on their loan. 

“We all hope and believe that by the conclusion of the JobKeeper program things will be back to where we all were prior to COVID-19.

"If that doesn’t happen, what then?" 

Mr McKibbin said he wanted to be clear that this is not a chicken and egg question as before someone can be a tenant, there needs to be a landlord. 

“We have started to see landlords putting their investment properties on the market. Is this the beginning of a flood, time will tell?”

Similar to this:

REINSW does a callout for government to protect landlords

REINSW welcomes NSW Government’s decisions to reduce restrictions on agents and supports the overhaul of NSW tax system

REINSW welcomes State Government $440million package