The sector urges the Government to review the regulations to allow students to undertake practical work under supervision while undertaking a Certificate IV in Property Services, without impacting the recently elevated training standards.
The REIV applauds the Victorian government for lifting entry standards, however, the unintended consequence is that it has significantly slowed the new talent coming through the sector.
The real estate profession is a leading economic contributor, currently employing thousands with almost 73 per cent (2021 ABS Census of Population and Housing) of all rental properties are managed by a real estate agent.
Since 2017, Victoria has seen an increase of 53 per cent to 56,000 people employed in the property sector. Its potential to employ thousands more is in front of government and industry, and a few simple changes could see the state attract more professionals, including many from interstate.
The Victorian Government needs to help attract new talent to work in the real estate industry, as the sector is experiencing significant staffing shortages, especially in residential property management and junior roles.
The REIV is expecting about 1040 auctions in 292 suburbs this week.
Read moreFollowing the Fair Work Commission's recent decision in the National Wage Case, the minimum award rates of pay will increase by 3.75%.
Read moreThe new Sale of Land (Public Auctions) Regulations 2024 are in effect as of the 23rd of June 2024, replacing the former Sale of Land (Public Auctions) Regulations 2014.
Read moreThe Real Estate Institute of Victoria (REIV) announces it has appointed Megan Mander as General Manager – Operations
Read moreAs the saying goes, safe as houses. The conventional wisdom is that houses are the reliable bet as an investment, a sure thing when it comes to sustained growth and return. However, units are emerging as a legitimate little sibling contender for capturing real growth in the market.
Read moreThe Real Estate Institute of Victoria (REIV) today confirmed its intent to participate in the Victorian Government’s consultation process for proposed new minimum rental standards, which will focus on improving the energy efficiency of rental properties.
Read moreThe REIV congratulates senior auctioneer and member, Luke Banitsiotis of Woodards Blackburn, for being crowned Australia and New Zealand’s best auctioneer for 2024.
Read moreThe Real Estate Institute of Victoria (REIV) today announced the appointment of Kelly Ryan as its new Chief Executive Officer, effective 29 May 2024.
Read moreThe Real Estate Institute of Victoria (REIV) has labelled this year’s 2024-25 Victorian State Budget a status quo budget for the property sector, explaining this was welcome news in context of a steady flow of new taxes on owners and investors since 2021.
Read moreBuild-to-rent is often described as an innovative response to the housing shortage. As state and federal governments continue to plan and implement measures to overcome Australia’s chronic housing challenges, we unpack the BTR model and what it means to those working in real estate.
Read moreThe link between building approvals and the prevalence of rental bonds in the market is not necessarily an obvious one. However, it is self-evident in some parts of the state that an increase in approvals leads to improvements in housing supply that is then delivered to the rental market.
Read moreThe Real Estate Institute of Victoria (REIV) has made a submission to the Victorian Government’s review of Sale of Land (Public Auctions) Regulations 2014, calling for an amendment that allows for the digital provision of documentation at auctions.
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