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The Real Estate Institute of NSW is heaping pressure on the state government to provide additional support for landlords affected by COVID-19, saying several insurers were not honouring rent protection policies if a tenant’s rent is voluntarily reduced, while stimulus announced to date only is available to a small percentage of property owners.

Australia’s peak real estate industry group has warned the federal government that providing stimulus for new homes and not established dwellings could have detrimental effects on the property sector and the wider economy.

Sublease office space in Sydney’s CBD has surged to a 10-year high, but COVID-19 hasn’t been the primary cause, according to analysis by commercial agency CBRE.

ASX-listed residential leasing portal Rent.com.au says a recent surge in the number of renters getting ready to move is indicative of the increasing optimism in property circles that Australia is past the worst of the coronavirus pandemic.

COVID-19 has placed stamp duty reform back on the agenda in Victoria, New South Wales and Western Australia, with state governments expected to face tumbling revenue due to a sharp reduction in transaction volumes during the crisis.

Australian Property Investor Magazine this week sat down for a virtual coffee with leading Melbourne academic, Sam Tsiaplias, a senior research fellow in the Macroeconomics Research Program at the Melbourne Institute of Applied Economic and Social Research.