Property

Housing is hot so why aren't realtors repaying the wage subsidy?

Brent Melville
Tue, 06 Oct 2020

Real estate firms are hanging on to millions in wage subsidies despite a red-hot housing market recovery since June.Three of the country’s leading realtors — Harcourts, Bayleys, and Barfoot & Thompson — claimed a combined $8 million in wage support for more than 1,000 employees when pandemic-induced lockdowns were imposed during March and April.Many, including Harcourts and Bayleys, went on to claim the subsidy extension.And while they may be the biggest firms, it will be the tip of the iceberg for a sector with almost 19,...

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Housing is hot so why aren't realtors repaying the wage subsidy?

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