Vic

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  • Photo of Yes Victoria, you can still move during lockdown

    Yes Victoria, you can still move during lockdown

    REIV President Leah Calnan has welcomed clarification from the Victorian State Government that a person living outside of a restricted area can inspect a home inside a restricted area and vice versa. Many REIV members were left confused following the State Government's decision to enforce Stage Three restrictions in Metro Melbourne and Mitchell Shire and…

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  • Photo of REIV: Melbourne is prepared for new COVID restrictions

    REIV: Melbourne is prepared for new COVID restrictions

    As Melbourne returns to stage three lockdown, local real estate agencies are feeling a sense of deja vu - which, luckily, makes them well prepared to deal with the recent shift in fortunes. “Real estate in Melbourne and Mitchell Shire will continue to service the community with online inspections returning along with online auctions,” REIV…

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  • Photo of Victorian lockdowns do little to dampen buyer enthusiasm

    Victorian lockdowns do little to dampen buyer enthusiasm

    Two additional postcodes have been added to the list of locked down suburbs in Victoria, with Kensington, Flemington, Hotham Hill and North Melbourne joining the restricted areas as of midnight Saturday. They add to a lengthy list of suburbs already subject to restrictions due to a surge in Covid-19 cases in the Victorian capital. According…

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  • Photo of Successful Footscray agency migrates to Greg Hocking Footscray

    Successful Footscray agency migrates to Greg Hocking Footscray

    Successful Footscray agency migrates to Greg Hocking FootscrayThe Footscray team has moved across to Greg Hocking to launch the network's new Footscray office, bringing with them a wealth of experience and insider knowledge of one of Melbourne's most dynamic, appealing suburbs."We wanted to be…

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  • Photo of Are you in a HomeBuilder boom area?

    Are you in a HomeBuilder boom area?

    The Federal Government's Home Builder Grant looks set to stimulate the economy, with the December deadline to sign with a builder causing many to leap into home ownership.Wealthi's co-founder Domenic Nesci has pinpointed the areas most likely to see a boom in production."Western Sydney is perfectly placed to benefit from the incentives, new investments in…

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  • Photo of Real estate goes online in Covid-19 hotspots

    Real estate goes online in Covid-19 hotspots

    The Victorian Government on Tuesday announced that in light of rising cases of Coronavirus, ten postcodes with the highest amount of incidents would return to Stage 3 restrictions. REIV President Leah Calnan said real estate business will adapt their processes by reverting to inspections by appointment and online auctions in Melbourne’s ten COVID-19 hotspots. “Any…

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  • Photo of Auctions go back online for some suburbs in Victoria

    Auctions go back online for some suburbs in Victoria

    Public auctions and open for inspections have been taken off the agenda in Melbourne's current coronavirus hotspots. While Victorian Premier Daniel Andrews has ordered the establishment of into the operation of the hotel quarantine program thought to be the cause of the community transmissions, it's a case of back to the future for the real…

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  • Photo of Real estate sector focused on selling and renting safely

    Real estate sector focused on selling and renting safely

    Real Estate Institute of Victoria (REIV) President Leah Calnan has vowed the real estate sector will continue to do everything it can to help fight Covid-19 as further restrictions were announced across Victoria. In response to an increase in cases of Coronavirus, the Victorian Government announced a return to tighter restrictions which means that crowds…

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  • Photo of REIV welcomes new minister

    REIV welcomes new minister

    Real Estate Institute of Victoria President Leah Calnan has welcomed the appointment of the Hon Melissa Horne as Minister for Consumer Affairs, Liquor and Gaming Regulation. The Victorian Government yesterday unveiled its new ministry with Minister Horne appointed to the portfolio that oversees the real estate profession. The REIV has written to the Minister, congratulating…

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  • Photo of Why every agent should have a pre-market and off-market strategy

    Why every agent should have a pre-market and off-market strategy

    Many vendors are opting for a 'let's wait it out' approach, but they don't need to. And, many buyers are missing out, because of the lack of stock 'on the market'. They too, don't need to. The real estate industry is experiencing an overdue technological upgrade that's forced agents to re-think the way they do…

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  • Photo of Victorian real estate weathers coronavirus storm

    Victorian real estate weathers coronavirus storm

    Victoria's property market seems to be holding its ground well during the COVID-19 pandemic according to the latest REIV Residential Market Index (RMX) figures. The RMX is a residential property price index (RPPI) designed to provide an up-to-date and simple insight into real property price trends in Victoria. An RPPI measures the price change of…

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  • Photo of Auctions and open for inspections are coming back!

    Auctions and open for inspections are coming back!

    Real Estate Institute of Victoria President Leah Calnan has welcomed the Victorian Government’s decision to allow on-site property auctions and open for inspections to return to in Victoria with restrictions. The State Government this week announced their plans to ease COVID-19 restrictions in Victoria, which included the welcome news that property auctions and open for…

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  • Photo of Real estate industry experiencing surge in off-market listings

    Real estate industry experiencing surge in off-market listings

    The global pandemic has dramatically changed the way real estate agents do business, with Listing Loop reporting a significant rise in the number of off-market property listings. Defined as properties that are listed for sale, but not necessarily advertised through the standard mainstream channels, these 'secret listings' are typically marketed by agents to their individual…

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  • Photo of The REIV and AFL Coaches Association team up to inspire excellence in real estate

    The REIV and AFL Coaches Association team up to inspire excellence in real estate

    The Real Estate Institute of Victoria (REIV) has teamed up with the AFL Coaches Association as part of a innovative initiative designed to inspire excellence in real estate. REIV President Leah Calnan said as peak representative bodies in their respective arenas, both organisations shared a common purpose of supporting their members to be "The Best…

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  • Photo of Delaying Victorian RTA changes labelled a great outcome

    Delaying Victorian RTA changes labelled a great outcome

    REIV President Leah Calnan has welcomed the Victorian Government’s decision to hold off on introducing changes to rental laws until next year, allowing the state to deal with Coronavirus.  Earlier this month the REIV wrote to the Victorian Government, calling for a delay to changes to the Residential Tenancy Act due to the outbreak of…

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  • Photo of REIV partners with ListingLoop.com.au

    REIV partners with ListingLoop.com.au

    ListingLoop.com.au will partner with The Real Estate Institute of Victoria (REIV) to support agents by offering a safe digital solution that directly connects buyers to properties faster than ever before. ListingLoop.com.au is Australia's first industry buyer database, which gives agents the ability to directly advertise their vendors' properties for sale under a no-sale, no-charge success-based…

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  • Photo of REIA backs Government’s COVID-19 tracing app

    REIA backs Government’s COVID-19 tracing app

    The Real Estate Institute of Australia has encouraged real estate professionals to download the Government's new COVID-19 tracing app and play a part in tackling the virus. The app, which would allow health authorities to trace who people had been in contact with quicker than manual contact tracing, has come under fire for privacy concerns,…

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  • Photo of REIV Charitable Foundation reaches out to support children in homeless families

    REIV Charitable Foundation reaches out to support children in homeless families

    The Real Estate Institute of Victoria charitable Foundation has donated $20,000 to Launch Housing to help 60 at-risk children without stable housing to access crucial support and supplies. The donation follows a $10,000 donation to Launch Housing in 2019, which was able to benefit 27 people at risk of or experiencing homelessness. Chair of the…

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  • Photo of Victoria fast-tracks legislation to support landlords and tenants in COVID-19

    Victoria fast-tracks legislation to support landlords and tenants in COVID-19

    The Victorian Government will bring urgent legislation to the Parliament next week to support tenants and landlords through the coronavirus pandemic by reforming residential and commercial tenancy laws. The laws include introducing a temporary ban on evictions, pausing rental increases for six months, and providing land tax relief for landlords and rent relief for tenants…

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  • Photo of REIV works with Government to assist landlords and tenants

    REIV works with Government to assist landlords and tenants

    With real estate agents, landlords and tenants all facing uncertainty due to the spread of coronavirus, the Real Estate Institute of Victoria is investigating concerns from conducting inspections safely through to dealing with rental arrears. REIV is seeking clarification from Consumer Affairs Victoria regarding some current practical matters to provide some clarity to all stakeholders.…

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  • Photo of Barry Plant celebrates history and growth

    Barry Plant celebrates history and growth

    The Barry Plant brand is celebrating both its history and its future, with the first dedicated commercial sales office opening in Melbourne as Barry Plant Reservoir marks 41 years in the industry. Located on St Kilda Road right on the edge of Melbourne’s CBD, the commercial sales office is the only dedicated commercial office in…

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  • Photo of Interstate landlords left in the lurch: REIV

    Interstate landlords left in the lurch: REIV

    REIV President Leah Calnan says a recent decision by the Court of Appeal, stating VCAT cannot rule on cases where the landlord resides outside of Victoria will create more questions than answers.  VCAT has been the common arena for rental disputes within Victoria since its inception, regardless of where the landlord resides.  The Victorian Court…

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  • Photo of Adina to open landmark ‘green’ apartment hotel in Southbank

    Adina to open landmark ‘green’ apartment hotel in Southbank

    TFE Hotels and Hume Partners Property is set to launch Australia’s first cross-laminated timber (CLT) hotel and the tallest timber adaptive-reuse project in the country – the ultra-modern Adina Apartment Hotel Melbourne Southbank – later this year. Just six months out from opening, the striking 220-room Bates Smart-designed apartment hotel, at the intersection of Southbank…

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  • Photo of Melbourne’s outer fringe offers future growth

    Melbourne’s outer fringe offers future growth

    Melbourne residents are chasing value a little farther afield, with council areas on the city's outer fringe enjoying recent growth. Jason Hellyer of Ray White Victoria said there were seven council shires in Melbourne's outer fringe which grew by 7.1 per cent when compared to the same period in 2018. At the same time the…

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  • Photo of Victoria and Tasmania come together for Ray White’s Unite 2020

    Victoria and Tasmania come together for Ray White’s Unite 2020

    More than 650 Ray White Group members from across Victoria and Tasmania have descended on the Crown's Conference and Events Centre for Unite 2020. Hosted across capital cities by Australasia's biggest real estate group, the Unite 2020 program provided a new and improved training format for salespeople and property managers. The sessions were designed to help agents navigate…

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  • Photo of Belle Property and Hockingstuart merge

    Belle Property and Hockingstuart merge

    Belle Property and Hockingstuart have merged to launch an innovative new agency model which sees both brands operate independently, as part of one major real estate network. While the Hockingstuart brand will remain across Victoria, in February, the Belle Property brand will also launch into key Victorian regions including Bayside, Stonnington, Booroondara, Glen Eira, Peninsula,…

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  • Photo of Victorian property market sets new records

    Victorian property market sets new records

    House values in metropolitan Victoria have surpassed $850,000 for the first time as the state continued its strong run, smashing price records in the December 2019 quarter. The results come on the back of two consecutive quarters with growth of more than 3 per cent each, according to the latest Real Estate Institute Victoria quarterly…

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  • Photo of Bushfires may intensify housing shortage

    Bushfires may intensify housing shortage

    The bushfire crisis is likely to further impact the already tough housing market in regional Victoria, according to the REIV. Fierce fires continue to ravage Eastern Victoria, with over 75,000 private dwellings under threat. Meanwhile, locals will soon return to their homes and try and rebuild their lives. REIV President Leah Calnan said, with many…

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  • Photo of Sydney and Melbourne drive housing recovery

    Sydney and Melbourne drive housing recovery

    Australia’s two largest capital cities are leading a housing recovery, according to the Real Estate Institute of Australia. REIA Real Estate Market Facts for the September quarter 2019 said the weighted average median price for houses for the eight capital cities increased to $743,776. REIA President Adrian Kelly said the increase was driven by the…

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  • Photo of Victorian Government opens doors to 100 new homes for those in need

    Victorian Government opens doors to 100 new homes for those in need

    Tenants once at risk of homelessness have begun moving into 100 new and affordable homes thanks to the Victorian Government. Victorian Minister for Housing Richard Wynne visited some of the new properties in Moonee Ponds and met residents this week. “Everyone deserves the safety and security of a roof over their head. This program is…

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  • Photo of Lack of family homes driving prices skyward

    Lack of family homes driving prices skyward

    An imbalance in supply of family homes to population growth is a major contributing factor to housing affordability challenges in Sydney and Melbourne. A 30 per cent reduction in dwelling commencements and dwelling approvals was predicted by RiskWise Property Research one year ago, with significant impact on both the broader economy and, particularly, GDP growth. RiskWise CEO…

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  • Photo of Leading Ballarat real estate team joins Jellis Craig

    Leading Ballarat real estate team joins Jellis Craig

    A leading Ballarat agency has joined the Jellis Criag team, expanding the brand's presence outside Melbourne.  The well-known team, led by directors Tony Douglass and Tim Valpied, has been market leaders in the Ballarat region for over 15 years.  Now as part of the Jellis Craig network of offices located throughout Melbourne’s premier suburbs, the…

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  • Photo of Eview celebrates top performers and a year of success at annual awards

    Eview celebrates top performers and a year of success at annual awards

    The Eview Group has celebrated a year of growth and achievement, recognising its top performers and standout agents at their annual awards night on Saturday. Held at the Victoria State Library with over 250 guests in attendance, the evening offered the opportunity to mark the milestones of the year gone by and look to the…

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  • Photo of Call for government to raise price caps for first home buyers

    Call for government to raise price caps for first home buyers

    On of the nation's most awarded mortgage brokers is calling for the government to lift price caps on first home loan schemes, saying first-time buyers in Sydney and Melbourne might as well not waste their time. Zippy Financial Director and Principal Broker Louisa Sanghera said the property price caps in the First Home Loan Deposit…

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  • Photo of Openn Negotiation doubles bidders and halves time on market for McGrath Geelong

    Openn Negotiation doubles bidders and halves time on market for McGrath Geelong

    An online sales property purchasing system generating buyer competition and selling properties faster has the potential to "break the industry in half", according to one Principal using the system. McGrath Geelong Principal Will Ainsworth has sold 18 properties using Openn Negotiation, which enables buyers to submit flexible terms for the vendor's approval, allowing more people…

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