Business
Coronavirus restrictions leave Melbourne’s small businesses unable to pay rent, again – ABC News
Fang Lu says her landlord just doesn’t believe her business is under rental stress because of the coronavirus-related downturn — a situation for which many others are bracing.
In March, as the coronavirus pandemic was taking hold, Fang Lu knew there was no way she’d be able to pay the month’s rent on her small beauty salon and café in Balwyn.
Key points:
- Melbourne’s coronavirus downturn is pushing retailers to the brink of bankruptcy
- Despite this, landlords have been accused of squeezing vulnerable small businesses
- Retail’s industry body says large landlords are using aggressive tactics
Her takings had shrivelled to almost nothing…
Continue Reading
-
Noosa News24 hours agoToombul Shopping Centre site thrown lifeline after Mirvac announces sale with ‘priority’ to build new retail centre
-
General13 hours agoDriver charged after fatal alleged hit-run crash at Hillier
-
General24 hours agoWoolworths executive was hospitalised by 100-hour-a-week workload, lawsuit claims
-
Noosa News15 hours agoNorthern NSW growers welcome bumper grain harvest as south plagued by drought