Greg Brydon has been crowned 2023 REIV Senior Auctioneer of the Year
REIV CEO provides a statement in response to reports that the Victorian Government is considering capping rents.
REIV celebrates resilience of Victoria’s property managers in high-pressure rental market
Price stability continues across Victoria’s property market, with metropolitan units climbing 3.2 per cent to $630,500 while metropolitan houses recorded a 1.1 per cent drop to $937,500.
Residential rental providers have been threatened in recent times with rent freezes, which are nothing more than a knee jerk reaction to an issue that requires careful deliberation, consideration and longer-term solutions.
Nearly 90 per cent of real estate agents in Victoria have had an increase in contact from landlords (residential rental providers) who are looking to recover increased costs as a result of the Victorian Government’s new and increased land tax on investment properties.
The Real Estate Institute of Victoria (REIV) has today criticised the land tax increases announced in the State Budget, saying they will only worsen the current rental crisis facing Victorians.
Commonsense prevailed in Parliament this week when a Greens motion for a rental inquiry and ‘rental control’ was voted down.
Tomorrow the Greens will table in Parliament a motion to ask the Legal and Social Issues Committee to establish an inquiry into the current ‘rental crisis’.
The Real Estate Institute of Victoria (REIV) has announced a partnership with data technology business PointData.