The Real Estate Institute of Victoria’s latest data indicates Victoria’s housing market is bouncing back.
Leah Calnan has been elected as the new president of the Real Estate Institute of Victoria, for the 2019-2020 term. Leah has served as Vice President and Senior Vice President over the past two years and replaces Robyn Waters, who has stepped down following a very successful term as President.
A new advertising campaign from CFA and MFB highlights to all Victorians that the advice around smoke alarms has changed, calling for a smoke alarm to be installed in every bedroom.
The REIV’s latest data for the number of days properties have remained on the market before sale is another sign that Melbourne’s housing buyers are crying out for more vendors to enter the market, Real Estate Institute of Victoria CEO Gil King says.
Greater market certainty may encourage more people to buy properties to lease in the final few months of 2019 to help address drastically low rental vacancy rates across Victoria, the Real Estate Institute of Victoria said.
As advised recently, CAV has made some changes to the approved SOI form. The REIV has been working with CAV to ensure that all announced changes are integrated into PropertyData and available for your use from the effective date of 16th September 2019.
Commission only employment is dealt with in Part 16 of the Real Estate Industry Award 2010. Various changes are made to the legislation from time to time. Whether you are an employer or an employee there is no substitute for reading the award.
Stamp duty bracket creep is once again in the spotlight as the REIV repeated its continued calls for the Victorian Government to review the rates and thresholds for property taxes.
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Data modelling from the Real Estate Institute of Victoria (REIV) reveals that the highest rental yields in Victoria can be found in and around the CBD while some regional hot spots are returning surprisingly high returns. REIV President Robyn Waters said Melbourne’s one-bedroom apartment market has the highest rental yield in the state.