A look at recent changes in Victorian planning zones and some tips for owners and developers on how to navigate the system. Paul Nugent from Wakelin Property Advisory interviews Daniel Bowden from Song Bowden Planning.
Questions considered include:
The coronavirus rental rules for landlords and tenants in Victoria, Australia and the role of government departments Consumer Affairs, Department of Health and Human Services and the State Revenue Office.
Should residential property asset selection criteria change in the 'new normal' post-coronavirus world of possible more working from home and less travel?
Buyer cooling off rules still apply during the Australian covid-19 crisis, even if there is a temptation to bend them. Here is a summary of state and territory rules in the Australian Capital Territory (ACT), New South Wales (NSW), Northern Territory (NT), Queensland (Qld), South Australia (SA), Tasmania (TAS), Victoria (Vic) and Western Australia (WA)
It remains possible during the covid-19 crisis for buyers to undertake all the usual prudent steps before signing a contract and finally taking possession of a property. A buyer must not let them self be bounced into skipping rungs on the ladder because an agent or counterparty grimaces and says it might be difficult.
Only buy Melbourne property during the coronavirus crisis if you feel secure in your job and/or have a pool of cash or other liquid assets as a safety net and life insurance.
