VIC Real Estate News
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Rules relaxed for Victorian inspections and auctions
Victorian Premier Daniel Andrews has announced further relaxations to the state's COVID-19 restrictions. Open for inspections and in-person auctions can now be attended by up to 20 people indoors, and 50 outdoors. Workers in the Melbourne CBD will return to offices from next week, with strict capacity numbers and cleaning…
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Victorian homes averaging just 33 days on market
The latest Days on Market data from the Real Estate Institute of Victoria revealed that, in October, the average Victorian home spent just 33 days on the market before being sold.
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Eview Group bolsters its Melbourne network
Eview Group has a new presence across Melbourne's northern outskirts, welcoming latest recruit, Jay Alvat - Licenced Real Estate Agent.With a passion for high-end client-centric service, coupled with a solid real estate career and intricate industry understanding, Jay Alvat is thrilled to present his personalised, broad, and unique skill set…
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Online glitz to celebrate Barry Plant’s Awards for Excellence
As has been custom in 2020, last Thursday, the Barry Plant Group hosted its 2020 Awards for Excellence in the living rooms of close to 900 of their staff members, invited guests, sponsors, suppliers and interested family. “Following the real estate downturn in 2018/19, our offices and their teams only had about…
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The Agency’s Sam Hobbs lands $20m of Melbourne sales in two weeks
The Melbourne property market has certainly bounced back since Stage 4 restrictions lifted across Melbourne earlier this month.
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2020 REIV Awards: The complete winners list
Check out the acceptance videos from all the winners, and the complete list of winners and finalists.
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Certificate IV the new minimum real estate requirement in Victoria
New regulations for real estate education introduced by the State Government came into effect today, Thursday, October 21.
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Melbourne overtakes Sydney in new property listings
Since private inspections started back up again in Melbourne towards the end of last month, a flood of new listings have entered the marketplace.
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Victoria ‘well-placed’ to further ease restrictions
During a press conference this morning, Daniel Andrews said Victoria was "well placed" to receive some very significant announcements about further easing of restrictions.
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Eview set to shake up Melbourne’s outer South-East
Eview Group's momentum shifts up a gear, as the network continues their widespread grasp on Melbourne's outer eastern suburbs.
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Melbourne’s real estate industry reacts to relaxed restrictions
Spring selling season may have gotten off to a slow start in Melbourne, but the announcement over the weekend that real estate auctions can now occur with a maximum of ten people should help spur it into action.
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Vic property values defy gloomy predictions
Despite the prolonged lockdown and a reduction in auctions, Victorian property values have continued to defy gloomy price predictions with regional homes even setting a new quarterly record. Releasing new data on Sunday, Real Estate Institute of Victoria President Leah Calnan said values were holding firm after six months of the Coronavirus pandemic. “The quarterly median prices for the September…
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REIV auction competitions to go ahead, despite lockdown
It takes more than a pesky pandemic and Stage 4 lockdowns to stop the REIV Auction Competitions from proceeding in 2020. This year, Victorian auctioneers will battle it out online, an apt representation of how the industry has operated throughout the year. "The Victorian Real Estate sector revealed its strength…
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Traralgon the real winner as Eview Group continues growth
Gippsland’s largest city, Traralgon has welcomed a fresh new brand to the local marketplace, as the Regional Victorian arm of the Eview Group continues to expand throughout the state. With over two decades of real estate experience within Traralgon and surrounding suburbs, the move sees Kerrie Ford unveil her self-titled brand, ‘Kerrie Ford Property‘. Joining a line-up of established agents…
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Eview Group announces further expansion across Melbourne’s south-west
The Eview Group has announced a fresh, new presence across the City of Wyndham as the network continues its expansion in the Melbourne real estate market. With a master’s degree in Information Technology, a solid real estate career fuelled by passion, and a plethora of personal property trade, Mahesh Krishna has launched a dynamic and connection-focused, self-titled brand, Mahesh Krishna…
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Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
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Private inspections back on in Victoria
The Real Estate Institute of Victoria has welcomed the announcement today by the Premier of Victoria, Hon. Daniel Andrews, MP that private inspections for purchase or leasing of properties, can recommence from 11:59 pm Sunday 27 September 2020. “This is great news for Victorians and should be seen as a…
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OpenLot portal has thrived through pandemic
After launching earlier this year, digital property platform OpenLot has gone from strength to strength, with the pandemic playing to the portal's strengths.
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“Mr Premier, I don’t think you understand” – REIV
REIV announce the start of a public campaign urging the government to reconsider their decisions, with the hashtag #reconsider-lockdown.
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Outdoor auctions now allowed in regional Victoria
Some good news has come at last for the Victorian real estate industry.
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Vic Government passes “fundamentally flawed” retail leases bill
The Victorian Government yesterday passed the Retail Leases Amendment Bill.
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REIA urges Daniel Andrews to restart Victorian property market
REIA urges Victorian Government to safely restart Australia's second biggest property marketThe REIA joins with the Real Estate Institute of Victoria (REIV) in calling on the Victorian Government to reintroduce contactless activities in the real…
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REIV implores government to allow one-on-one inspections
Touting what they call “a safe and simple answer”, the REIV has called for the Victorian Government to allow one-on-one inspections of properties to “help save many Victorians from financial distress and homelessness”. They argue that the current restrictions are hurting potential sellers, especially considering that often people are forced into selling their home due to financial pressure, and this…
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Auction results highlight Melbourne’s pain
The lockdown toll is being felt across the Melbourne auction market, with CoreLogic reporting a clearance rate of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn. Domain had similar figures, reporting a clearance rate of zero per cent after 10 homes were listed for auction,…
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Victorian Treasurer offers hope to real estate agents angered by restrictions
Victorian Treasurer Tim Pallas has suggested a level of flexibility in the much-maligned Victorian roadmap that may give relief to frustrated real estate agents.
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Melbourne agent shares loophole for Stage 4 property inspections
Private inspections of properties will not be allowed until at least October 26 in Melbourne, but Hockingstuart Altona/Williamstown principal Anthony Anile has found a legislative loophole to help his clients continue to sell their properties until the lockdown is lifted. Mr Anile is inserting a clause into all sales contracts that makes the final sale conditional upon a satisfactory physical…
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Melbourne’s population to drop significantly
One of the unintended consequences of the Melbourne lockdowns will be that tens of thousands of people will flee the city.
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Eview Group enters the commercial arena, joining forces with Melbourne agency
The Eview Group has confirmed their expansion into the commercial sector, as they broaden their scope and announce their latest partnership with Commercial Real Estate Group. Founded by Robert Renner, Commercial Real Estate Group is the accumulation of a life-long love affair with property, together with an unwavering passion and commitment to navigate and service an expanding clientele. Joining the…
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Common questions answered about Victoria’s new roadmap
The Victorian government’s roadmap out of pandemic lockdowns includes new provisions for single people living alone and single parents: the “single social bubble” system, which comes into effect on September 14. Under the new system, if you’re a single person living alone or a single parent with children under 18, you can nominate one other person to be part of your bubble. The…
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REIV calls for independent review of roadmap
The Real Estate Institute of Victoria has called for an independent review of the roadmap announced on Sunday. In a statement released today, they claim the path proposed “jeopardises livelihoods and assets of hard-working Victorians who have abided by the rules and restrictions for over six months”. Among REIV’s criticisms of the government are a lack of “genuine consultation by…
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Stimulus must be brought forward immediately: PCA
The Property Council of Australia has welcomed the Victorian Government’s roadmap for the safe reopening of the property industry, while acknowledging lifting restrictions is “a balancing act and all stakeholders must remain vigilant”. The PCA continues to urge the Government to bring forward its “desperately needed industry stimulus package”, noting it takes months for construction and real estate businesses to…
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Roadmap “extremely tough” on renovations: Master Builders Victoria
Master Builders Victoria has welcomed the state government’s “vote of confidence” in the building industry, suggesting the shift to ‘Restricted’ practices on September 28 will require only “minor updates on what our industry has been doing for many months and would be achievable for both workers and employers”. A statement from MBV acknowledged “some disappointment” that the industry cannot open…
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REIV slams Vic Gov as sector faces ‘double whammy’
The Real Estate Institute of Victoria has slammed the Victorian State Government for its continued ban on in-person inspections, claiming the decision will “effectively keep the property market shut down for an uncertain period”. Shortly after Premier Daniel Andrews today revealed strict lockdowns would extend a further two weeks, the REIV implored the government to rethink its ban on one-on-one…
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Victoria extends eviction moratorium
The Victorian Government has announced today they will be extending the eviction moratorium until March 2021. This means that evictions for both commercial and residential tenants are banned until March 28, 2021. In addition, rental increases will also be banned. Consumer Affairs notes: “Residential tenants and landlords who struggle to reach agreement over rent reductions have access to the dispute…
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Time for VIC construction workers to go back to work: John Setka
Trade unionist John Setka, Victorian state secretary of the Construction, Forestry, Maritime, Mining and Energy Union, has penned an open letter to the Premier and Chief Health Officer of Victoria, urging them to allow the 300,000 plus Victorian construction workers back onto building sites. The letter is republished below. “The commercial construction industry has continued to lead workers safely through…
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