The Owners Corporations and Other Acts Amendment Bill 2019 was passed yesterday after an extended period of consultation and delays due to COVID-19 and other matters.
Stage 4 restrictions apply from 11:59 pm Friday 12th February to 11:59 pm Wednesday 17th February 2021
Mum and Dad property investors in Victoria are facing a substantial increase in the cost and time invested in managing their assets, following this week’s release of the Victorian Government’s Residential Tenancies Regulations 2021 which will underpin the Residential Tenancies Act of 1997.
The median house price in Victoria has recorded its largest increase since 2000, according to data from Real Estate Institute of Victoria’s quarterly December report.
Buoyed by recent updates to COVID guidelines on open homes and auctions, the real estate sector is bouncing into a busy summer 2020-21.
The Real Estate Institute of Victoria believes a call by tenant advocates to cancel all rental debt sends the wrong message and could encourage tenants to stop paying their contracted rent in the expectation that the taxpayer will pick up the tab.
The latest Days on Market data (October 2020) from the Real Estate Institute of Victoria revealed that the average Victorian home is spending just 33 days on the market before being sold, the lowest recorded since 2009.
Some of Victoria’s most outstanding real estate talent was crowned tonight, with the 2020 REIV Awards for Excellence and Commercial & Industrial Marketing Awards.
The Victorian Government has responded to prolonged lobbying from the Real Estate Institute of Victoria to lift minimum training requirements to work in the real estate sector.
The Real Estate Institute of Victoria welcomes the announcement today by the Premier of Victoria, Hon. Daniel Andrews, MP that private inspections for purchase or leasing of commercial properties, can also recommence from 11:59 pm Sunday 18 October 2020. Outdoor auctions for commercial and residential property will also be permitted with up to 10 people in attendance.