COVID-19 | Help Us Protect QLD Landlords

Nick Lockhart
Nick Lockhart
April 17, 2020
Property News
COVID-19 | Help Us Protect QLD Landlords

Are you the  owner of an investment property?

I want you to take a moment to think. Will the Palaszczuk Government’s Special COVID-19 Protections for Residential Tenants protect you as a landlord?

FAIRNESS is something we should always embrace, moreso during this COVID-19 pandemic. If, after reading this, you agree that these proposals are anything but fair, please sign our petition. 

Since the 15th of May 2001, MRD has applied honesty and fairness to the business of helping everyday Australians build financial security. Sure, our primary focus is on adding value to you but it doesn’t end there. Thousands of other Australians are residential property landlords and they are VERY GOOD for the Australian economy, providing jobs (and thus taxpayers) and new housing.

Regardless of the state of the economy, we all need a home to go home to (or be locked down in for months at a time, hahaha) and your investment property purchase is someone’s home. Without landlords, renters would struggle to find accommodation, and what was available would cost a whole lot more to rent than it does today.

MRD supports the need for tenant protection during COVID-19. However, landlords are often just as vulnerable in this situation as tenants, with potential job losses, mortgages, and property expenses. The banks may offer a repayment holiday but they require that it is paid back in full and the accrued debt may accrue further interest, essentially interest charged on interest, costing the landlord far more in the long term.

The QLD government has announced their support package for rent relief in QLD. It has not passed parliament as yet, but there is a meeting scheduled on the 22nd April which will either pass or deny this package. This only gives us 6 days to take action, so we have put together a petition to send to the Premier of Queensland, Anastacia Palaszczuk.

We ask that you sign this petition; even share it on social media and encourage others to also sign it. More voices means more influence and will pressure the government to find solutions that are fair to both tenants and landlords. 

Our industry representatives, the REIQ, support the need for tenant protection during COVID-19. However, they are fundamentally opposed to some of the proposed measures, you should be too. They have circulated an open letter for concerned landlords to sign and send to the Qld Premier. This petition has drawn from the content of the REIQ’s open letter.

If the following proposals are introduced, landlords will ultimately foot the bill:

Now you understand how the Palaszczuk Government’s proposed Special COVID-19 Protections favour tenants at the expense of landlords. We need your urgent help before Parliament sits to pass these protections on Wednesday, 22 April 2020.

For our voices to be heard, click through to our petition to Premier Palaszczuk, read and electronically sign it [then share and repeat]. It’s that simple.

TOGETHER we can make a difference and achieve a more balanced outcome for landlords.

The package announced goes far beyond what the federal government, as well as other states and territories are implementing and I strongly believe that EVERY landlord needs to ensure their voice is heard.

If you have 30 minutes to spare (I highly recommend you make the time), please watch the below video to fully understand the impact that these proposed measures will have on you as an investor.

Video: https://www.facebook.com/TheREIQ/videos/237328287417473/

I believe it’s important for every landlord to consider their tenants’ request for financial assistance if genuine. However these measures take away so many fundamental rights that you hold as an investor and provide you with NO protection during this crisis. We believe this is  unreasonable and unbalanced.

Step One: Click through to our Change.org petition: https://www.change.org/p/premier-of-queensland-covid-19-help-us-protect-qld-landlords

Step Two: Read and sign

Step Three: Share our petition on social media: https://www.facebook.com/mrdpartners/posts/10158038504325690

If you have any questions at all, please let our team know. We can assist you at https://www.mrdpartners.com.au

Nick Lockhart

Nick Lockhart

MRD Property Expert
Nick is the Founder of MRD. Nick is in his element when he is inspiring, mentoring and teaching safe and responsible finance and investment strategies.

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