As more Australian tenants vacate properties across inner-city suburbs as a result of COVID-19, landlords are grappling with the prospect of tough times ahead.
Inner-city Melbourne landlord, Hannah Weste’s tenants recently requested a rent reduction after suffering financial blows due to the health crisis.
Ms Weste said she understood her tenants’ predicament and did some research after speaking to her property manger as well as fellow landlords who were in a similar position.
“[My tenants and I] agreed to a 15% rent reduction, which has now been in place for three months,” she said.
However, with Victoria this week announcing