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Friday, 13 December 2013
This weekend the REIV is expecting around 1,560 auctions in 327 suburbs. REIV CEO Enzo Raimondo said that last weekend’s clearance rate of 64 per cent was the lowest since April and reflects the very high number of auctions.
Tuesday, 10 December 2013
The REIV has updated its residential leasing and managing authority, code 005a, in conjunction with the Property Management Chapter Committee. The hard copy version has been on sale for some months and the online version has recently become available.
Why the update?The outcome of recent coronial inquests into deaths of tenants and members of their families in rented residential accommodation led to the latest revision of the code 005a authority.
Monday, 9 December 2013
Self belief and a career plan are crucial to women's career progress, particularly in a male-dominated industry, former Victoria Police Chief Commissioner Christine Nixon told an REIV women's series event last week.
"We have got to have some confidence in ourselves, it is a really important part, to believe you have got the knowledge, you have got the skills to pull it off," Christine said. "Women underestimate their capacities."
She challenged the women in the room: "Where is your plan?"
The sale of more than 300 Sydney carpark spaces in a weekend is a timely reminder of the growing attractiveness of car parking as a property investment, with parking availability under pressure from increasing car numbers.
The spaces in the Mascot car park near the airport sold to local and overseas investors, with some buying several double spaces at $104,500.
In Melbourne agents say car parking buildings are an increasingly lucrative sector of the market, while individual car spaces, unlikely to reap enormous capital growth, provide a consistent, low maintenance income stream.
A leading Melbourne real estate agent is offering his services pro bono to a new, not-for-profit real estate agency which aims to help low income earners find inner city housing.
Philippe Batters says many of his lawyer and accountant friends do pro bono work, but it is less common in real estate.
"I am in my 41st year as a real estate agent, it has been extremely kind to me and my family in that time and what I want to is to be able to put something back into the community that has watered and fed me and my family for most of my adult life."