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Commercial property has been a key focus for policy makers, with a major component of the Prime Minister’s hibernation strategy being rent relief and the recently finalised Commercial Tenancy Code.
Every day has been like Christmas trading for essential retailers like Woolworths and Coles with significant supply and demand issues experienced in the past month – and not just for toilet paper.
While many retailers have opted to close their doors and wait out the storm, there are those that have pivoted and innovated to emerging customer demands – with sales for camping gear, exercise equipment, home entertainment and arts and crafts going through the roof.
The current COVID-19 situation is unprecedented and the economy isn’t sure how to respond.
