Millions of renters to plunge off eviction cliff

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The national cabinet announced in March that it would impose a six month ban on evicting tenants who had encountered financial hardship because of COVID-19.

Tenants were advised to negotiate with landlords about possible rent reductions, but many had to settle for deferrals rather than reductions.

Protections against evictions will end in most states and territories at the end of September, although they have been extended in Victoria until March because of that state’s second wave of infections.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.