Business
‘We don’t know how many time-bombs are ticking’: Australia’s rent deferral debt trap – The Guardian
Bureaucrats, agents and even tenant advocates say no one knows how many renters are running up debts under Covid-19 regulations
Renters are facing a financial timebomb in September when state protections against eviction are due to expire and many could be asked to repay deferred rent or begin paying their full rent again.
But no one has a clear idea how big the problem might be or what effect it could have on the economy and the property market.
All states have implemented moratoriums on evictions until late September and some have schemes to help landlords and tenants negotiate rental reductions for people whose inco…
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