Tasmanian Government details more of its private rental incentive scheme

The Tasmanian Government has released further eligibility details as part of its pilot private rental incentive scheme.

In response to increasing housing affordability issues, the government after the election announced it would be willing to pay property owners between $10,000 and $13,000 to make their investment properties available to low-income earners for a guaranteed 12 months.

Incentives will be offered until June 2019 and the program will be run by Housing Tasmania with support from community housing providers and Housing Connect.

To be eligible under the scheme, a North-West landlord must charge $133 rent for a one-bedroom property and up to $248 for a four-bedroom property.

In the North, affordable rent is measured at $148 for a one-bedroom property and up to $289 for a four-bedroom property.

In the South, it is $184 for a one-bedroom property and $370 for a four-bedroom property.

The rates are 20-per-cent below the region’s median rental asking prices.

Properties also need to be close to services, vacant now or before the incentive cut-off date, and meet minimum standards under the Residential Tenancy Act 1997.

Housing Minister Roger Jaensch told Parliament this week the scheme had already garnered more than 200 registrations of interest.

However, Labor expressed concerns the policy did not appear to have safeguards to stop landlords from evicting current tenants from properties to cash in on the scheme.

“This initiative is specifically targeting properties that are not currently available for long-term rent to tenants on low incomes,” Mr Jaensch said.

“Properties that are already available at an affordable rent won’t be selected for the initiative.

“Property owners cannot end tenancies just so they can access the new financial incentives.”

For more information, or to access application forms to be part of the scheme, visit http://www.dhhs.tas.gov.au/housing/private_rental_incentives