RH ASHFIELD Monthly Property Newsletter 2020
(Updated every end of month)
SPRING FORWARD….the Clock’s Ticking!
Spring is the season of new beginnings and hope for a new lease on life. With some borders closed and more people free to look around the rental market, now might be the time to act on any fresh ideas you have to spruce up your investment property.
The clock is ticking for those who haven’t been able to regain employment and have relied on government support schemes. From 25 September the government support supplement was cut by $300, with the base rate of the jobseeker payment dropping to $815 a fortnight about 1.5 million people. NSW has recognised that the existing measures put in place in April, to help residential tenants and landlords financially disadvantaged this year by COVID-19, is still needed. An upcoming amendment to the Residential Tenancies Act will continue to help tenants keep a roof over their heads and offer landlords the security of continued rental payments until March next year.
The Retail and Other Commercial Leases (COVID-19) Regulation is to be extended until 31st December 2020. Landlords with be able to receive up to 25% land tax concession where they provide rent relief to commercial and residential tenants in financial distress from October to December. For further details on the above information go to nsw.gov.au/covid-19-recovery-plan.
2020 has challenged Raine & Horne Ashfield to work right through lockdown. We have done so and will continue to. Pressure is a privilege that has made our team stronger. We are still in this together. Stay Safe and Keep Well Everyone!
* Remember to Spring Forward your clocks an hour on Sunday October 4th and Replace Your Smoke Alarm Batteries! *