Queensland eviction ban ends today; the only state to not extend

author-avatar By on September 30, 2020
Queensland eviction ban ends today; the only state to not extend

Photo by Jamie McGlinchey on Unsplash

Queensland's six-month moratorium on residential evictions has ended today.

The Sunshine State is the only state in the nation not to extend the eviction ban which was put in place at the end of March in response to COVID lockdowns. 

Measures which have ended today in Queensland include: 

  • Eviction moratoriums;
  • Fixed-term agreement extensions for COVID-19 impacted tenants;
  • Ending agreement provisions that prevent property owners ending tenancies with COVID-19 impacted tenants without grounds and provide additional grounds for parties to end tenancies; and
  • Adjusted rent and bond processes that support parties to negotiate arrangements to manage COVID-19 impacts on their tenancies

Looking to compare low-rate, variable home loans? Below are a handful of low-rate loans in the market.

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
VariableMore details
REFINANCE IN MINUTES, NOT WEEKS

Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)

  • Refinance only. Fast online application
  • No Nano fees. Free 100% offset sub account
  • Mobile app, Visa debit card & instant payments
REFINANCE IN MINUTES, NOT WEEKS

Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)

  • Refinance only. Fast online application
  • No Nano fees. Free 100% offset sub account
  • Mobile app, Visa debit card & instant payments
VariableMore details
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & be approved by Dec 15
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & be approved by Dec 15
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
VariableMore details
AN EASY ONLINE APPLICATION

Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)

  • Unlimited additional repayments
  • Unlimited free redraws
  • Optional 100% offset can be added for $120 p.a.^
AN EASY ONLINE APPLICATION

Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)

  • Unlimited additional repayments
  • Unlimited free redraws
  • Optional 100% offset can be added for $120 p.a.^

Rates correct as of October 16, 2021. View disclaimer.

Protections that continue to be in place include provisions allowing tenants experiencing domestic and family violence to end their tenancies quickly and protections for tenants against being listed in a tenancy database for rent arrears caused by COVID-19 impacts.

Queensland Minister for Housing Mick de Brenni was contacted for comment. 

Chief executive of Tenants Queensland Penny Carr told Savings.com.au she was at a loss as to why the residential eviction ban hadn't been extended but the moratorium on commercial evictions had. 

"We’ve been mainly focused on our advice work and supporting renters out there and trying to raise that issue with the government, but we don’t know why they made that decision," Ms Carr said. 

Ms Carr said many people would now be at risk of homelessness and urged those struggling to contact her organisation. 

"We know people who will face eviction proceedings straightaway and many of them will struggle to find another affordable and appropriate property," she said. 

"It’s a pretty tough time for people in the lead up to Christmas to be facing this issue.

"If anyone needs advice, contact us through our free advice service on 1300 744 263." 

"Now is the time to start transitioning away from the eviction moratorium"

Chief executive of the Real Estate Institute of Queensland (REIQ) Antonia Mercorella, told Savings.com.au it made sense for the eviction ban to now end. 

"There will be a number of tenant protections that will remain ongoing until the end of the year, so tenants haven't been left high and dry," Ms Mercorella said.

"There are a range of important mechanisms and protections that will remain." 

Ms Mercorella said just as tenants had been impacted by COVID-19, so too had property owners. 

"We've seen property owners who have lost their jobs, we've seen property owners who have been unable to make their financial obligations connected to the property," she said. 

"I understand the concern about tenants having to go back to meeting their normal rental repayments, but that's also got to be assessed against the fact that there will also be property owners who have an obligation to keep meeting their financial obligations otherwise ultimately, they lose the property too."

Commercial eviction moratorium extended

The Palaszczuk Government announced two weeks ago the moratorium on evictions for commercial leaseholders has been extended to the end of 2020.

Attorney-General and Minister for Justice Yvette D'Ath said the extended moratorium would be a shot in the arm for Queensland jobs and the economy.

“This extension is about giving businesses, and the thousands of workers they employ, the certainty they need in these challenging times," she said. 

“It’s about supporting jobs and keeping people in work as Queensland builds towards economic recovery.”


Disclaimers

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

  • The big four banks are: ANZ, CBA, NAB and Westpac
  • The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2020. They are (in descending order): Great Southern Bank, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
  • The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.
  • If you click on a product link and you are referred to a Product or Service Provider’s web page, it is highly likely that a commercial relationship exists between that Product or Service Provider and Savings.com.au

Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site.

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

*Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees and costs savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Alex joined Savings.com.au as a finance journalist in 2019. He enjoys covering in-depth economical releases and breaking down how they might affect the everyday punter. He is passionate about providing Australians with the information and tools needed to make them financially stable for their futures.

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