In an effort to create more efficient and equitable tax distribution, and enable greater housing accessibility, the Real Estate Institute of Victoria (REIV) is calling on the Victorian Government to replace property stamp duty with a broad-based tax.
The Victorian property market is showing signs of stabilisation this quarter. The Metropolitan Melbourne median house price recorded a marginal drop of 1 per cent to $955,500 in the March quarter while units recorded a 1.8 per cent drop to $611,000.
REIV CEO Quentin Kilian discusses the need for sweeping property tax reforms to address Victoria's rental crisis.
Last week, the property sector, and no doubt most Victorians active in the property market, welcomed a long overdue announcement of an inquiry into residential stamp duty tax in Victoria.
REIV senior auctioneer of the year Luke Banitsiotis will take the reins of this year’s Good Friday Appeal (GFA) Charity Home Auction by Villawood Properties and Henley at Coridale, Lara.
While no industry is immune to technology advancements, the real estate market has historically been one of the last to accept new trends.
Rental providers will be responsible for ensuring that their rental properties comply with the electrical safety rental minimum standard, which comes into effect from 29 March 2023.
Alongside the usual peaks and troughs, in 2022 the Victorian property market experienced eight interest rate rises and a confluence of pressures from the rental market. Despite this, property in regional Victoria continues its strong performance.
Great news for anyone considering a career in real estate or those wanting to further their career. Government funding, through Skills First, may now be available to you, slashing the cost of the study.
The Real Estate Institute of Victoria (REIV) welcomed the Andrews Government’s Cabinet announcement today, congratulating The Hon. Danny Pearson MP as Minister responsible for real estate matters under his Consumer Affairs portfolio and Assistant Treasurer.