Landlord & tenant rent support —Victoria |
The Age reported that the Victorian Government has announced a $500 million rent rescue package to support landlords and tenants. Under the package, $80 million has been set aside for tenants as direct rental payments and $420 million will be provided as land tax relief to landlords. Under the package, landlords who offer rent relief to COVID-19-affected tenants will be eligible for a 25% discount to their land tax and will be able defer that tax until next March. |
Read more on The Real Estate Conversation: $500 million property relief package for Victorian tenants.