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Investor exodus evident in Sydney rental vacancy rate
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Sydney rental market tightens amid lockdown
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$9 7bn in stamp duty netted by NSW government in FY21
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Auction activity stays steady amid lockdowns
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Source: Splash.
The peak body for real estate agents in New South Wales expects a wave of negotiations to take place between small retail tenants and their landlords, following Scentre Group’s move to offer rent deferrals to retailers.
Scentre Group, owner of Westfield malls in Australia, contacted its small tenants in centres across Sydney last week, saying it was committed to work with them to help mitigate the disruption of the lockdown with rent deferrals, according to
Just days later, the New South Wales government announced it would offer up to 100% land tax concessions for commercial landlords who provide rent relief.