Queensland property price fall 'inevitable' due to coronavirus, industry figures say Renters and landlords also to come under strain Ms Mercorella said the REIQ's immediate concern was tenants facing eviction for not being able to make their rent. "Around 35 per cent of the Queensland population rents," she said. "The vast majority of that supply comes via the private investor, so given the predicted job losses, we are concerned about the impact that will have on a tenants ability to make their rent obligations. She said the REIQ welcomed any support governments could give to tenants. "Equally, what we need to be cognisant of is that the vast majority of that rental supply is coming from private investors — mum and dad investors — and they will have their own obligations at the other end to the bank." Ms Mercorella said. "So the challenge will be how we protect tenants in this in this environment, but also supporting owners who ultimately — if they don't meet those obligations — will end up defaulting on mortgages, and ultimately having to sell those properties and losing those properties, which will mean that we all lose." ... read more She makes a good point - the long term outcome for tenants is not good if investors are forced to sell their properties due to no income while still needing to make loan repayments.