REIV declares war on tenants

The Real Estate Institute of Victoria (REIV) has effectively declared war on tenants, advising landlords to “refuse to negotiate rent reductions, forcing every request into the dispute system” in a bid to guarantee no resolution for months or even years:

Victoria’s peak real estate body is advising its members to “refuse to negotiate rent reductions” with tenants in COVID-19 hardship until the state government engages in “genuine consultation” with the industry.

The hard-line stance comes after the government’s “roadmap for reopening” revealed physical inspections of Melbourne homes won’t be allowed again until at least October 26, essentially keeping the property market on ice well into its busiest selling season of the year…

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