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.
The magazine for real estate professionals who are the Difference. August issue out now
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.
The REIV continues to consult and engage with Consumer Affairs Victoria (CAV) on the underquoting reforms to ensure our Members are kept up-to-date with the latest information.
The median house price for Middle Melbourne is sitting at less than $900,000 for the first time in almost three years, creating upsizing opportunities for aspirational house hunters with the goal of buying in to some of Melbourne’s most sought-after postcodes.
Following the success of our REIV Connect regional series we are bringing REIV Connect to three key locations in Metro Melbourne.
The auction market has definitely started to pick up in the aftermath of the Federal Election, as the Real Estate Institute of Victoria expected.
Nominations are now open for three Director positions - one from the Regional Zone and two from the Metropolitan Zone – as Noel Dyett, Sophie Lyon and Robyn Waters are due to complete their terms of office on 30 September 2019, unless re-elected.
Visit reiv.com.au/rta for an overview of the RTA related changes