Media Distancing – Rental Market Snapshot – Fast Facts Covid-19 Vs Bluestone Media Distancing: We should be exercising media distancing when they continue to frequently and intentionally scaremonger and sugar-coat housing industry stories. Most people have a home, so the media know these stories get attention. Fast facts on how COVID-19 has affected Bluestone tenancies: Governments eager to appease announced that Tenants impacted by COVID-19 should request assistance from Landlords and both parties should come to a mutual agreement. While many Tenants mentioned financial hardship due to COVID-19, only a couple of Landlords did, but we know many more are experiencing challenges due to these unprecedented times. Media scaremongering triggered some seemingly unaffected Tenants to request reductions in rent on lease extensions. Several Tenants expected Landlords to waiver portions of their rent, but we said numerous Landlords are in similar positions where they rely heavily on rent to pay Mortgages, Rates, Utility Connections and Land Tax and the Banks, Councils, Utility Providers and Government are only deferring owners payments. We had between 75 and 80 Tenants mention hardship due to Covid-19. 26 of these Tenants emailed us formalising their request for rent reductions with some requested up to 50% off. … Continue reading How Has Coronavirus Affected The Rental Market?