Visit reiv.com.au/rta for an overview of the RTA related changes
Distilleries are giving a spirited boost to the property markets in Regional Victorian towns according to an analysis by the Real Estate Institute of Victoria.
From 9 December 2019, the Residential Tenancies Bond Authority (RTBA) will require all licensed estate agents to complete most transactions electronically using RTBA Online. This includes lodging bonds, claiming repayments, and transferring tenants on a bond.
You will have seen that the new Morrison Government has appointed a Minister for Housing under the Treasury umbrella. The appointment of Michael Sukkar to this role, as well as Assistant Treasurer, should not be underestimated. It is not only a major win for the REIA but demonstrates what can be achieved by working with Government and sustained advocacy.
On the 1 May 2019 the Fair Work Commission handed down a decision to change the Real Estate Award. The decision changes how commission-only payments for salespeople apply and who they apply to.
The Victorian Budget 19/20 has been adjusted to deal with the biggest write down in revenue in Victoria’s history. REIV President Robyn Waters said this is due to the challenging headwinds for Victoria’s property market with sales volumes down 24 per cent and cooling values as we have seen over the past year.
The Victorian property industry contributes 47 per cent of the State’s income from tax, so we have a lot of skin in the game with regards to the Victorian Budget. Real Estate Institute of Victoria CEO Gil King said property has underpinned our economic activity over the past decade and we need a sound legislative, policy, infrastructure and funding base around that if we want this to continue.
Luke Banitsiotis of Woodards Blackburn has taken out the title of 2019 REIV Senior Auctioneer of the Year for the second consecutive year while Paul Tzamalis of The Auction Company was Runner Up.
The best auctioneers in Victoria will bring out the big guns during a two-day competition at the REIV today (Tuesday) and tomorrow as part of the Senior Auctioneer of the Year Competition.
The Real Estate Institute of Victoria (REIV) will today launch its Choose a Member campaign, comprising print, billboard and online advertising to raise awareness of the most objective agent search tool of its kind in Victoria.