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Although Victoria has been hit hard by a second wave of COVID-19, the state’s real estate industry has been quick to adapt to the new restrictions and there are still opportunities for savvy investors.
In this episode of The Smart Property Investment Show, host Phil Tarrant is joined by the president of the Real Estate Institute of Victoria, Leah Calnan, to talk about how the Victorian market has tracked throughout the pandemic, how the second spike is affecting the number of rent reduction requests, and what property managers and landlords can do to navigate such challenges.
Leah explains the process of ending a tenancy through VCAT, the difference between what she’s seeing on the ground and what’s being conveyed in the media, and her recommendations for investors considering the Victorian property market.
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Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.