INDUSTRY NEWSNEWSVictoria

REIV calls for independent review of roadmap

The Real Estate Institute of Victoria has called for an independent review of the roadmap announced on Sunday.

In a statement released today, they claim the path proposed “jeopardises livelihoods and assets of hard-working Victorians who have abided by the rules and restrictions for over six months”.

Among REIV’s criticisms of the government are a lack of “genuine consultation by government with business”, no understanding regarding the operations of the real estate sector and the short lead time before the announcement, saying “while procedure requirements were met, no genuine feedback was gathered or implemented”.

REIV also notes that many tenants who are not suffering COVID-related financial stress have been able to profit from the moratorium.

“In effect, if you have worked hard to save and purchase property, the Andrews government is punishing you for being financially responsible,” REIV CEO, Gil King said.

“It is mind boggling that the government is asking people to withdraw from their superannuation to fund their living costs but won’t let them sell their property for the same purpose.

“Wasn’t super supposed to be your retirement fund?

“These decisions compound the financial stress on Victorians and the Victorian economy and do nothing to help those suffering during these difficult times,” added REIV President, Leah Calnan.

“We have cases being reported every day where people need to sell their property to get through these financial challenging times, and they can’t do so because the government won’t allow even a one-on-one inspection.”

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