15 September 2021

Limited real estate inspections resume, boosting buyer and seller confidence

| Genevieve Jacobs
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There had been calls from the industry to bring local regulations into line with NSW where one-on-one inspections are permitted. The Real Estate Institute of the ACT submitted a risk management assessment to Chief Health Officer Dr Kerryn Coleman last week and expects a briefing this afternoon (14 September) on how the new guidelines will operate.

In other industry changes announced today, residential landlords providing rent relief will be eligible for a credit on their residential land tax of up to $100 per week to share the cost of passing rent relief on to tenants until 31 December. The measure is expected to cost around $2.2 million.

The ACT Government will also waive rent payments until the end of 2021 for any business and community sector tenants of government-owned properties that have been significantly affected by the COVID-19 lockdown.

The previously announced land tax and commercial rates relief for landlords who provide rent relief to their tenants will also be extended through to 31 December.

Chief Minister Andrew Barr said at today’s COVID briefing that commercial landlords who offer rent relief may also be eligible for a commercial rates credit of up to $10,000 (increased from $5,000) at an estimated total cost of $5.5 million to the ACT Government.

Further information can be found here for landlords and tenants.

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