As real estate agents we often refer to the Real Estate Institute of Victoria (REIV) when discussing market data as well as our agency credibility. So what is the REIV and what is its role within the industry? Formed in July of 1985, the REIV’s mission statement says that its primary task is “to lead [...]
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Posted in News, Research on Jan 24th, 2012
Important real estate terms can sometimes be difficult to interpret. The Real Estate Institute of Australia (REIV) provides a comprehensive list of industry vocabulary on their website. Below are some of the more popular terms and their definitions. APPRAISAL – The term commonly used in America to indicate what is termed in Australia as a [...]
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Posted in News, Research on Oct 7th, 2011
The Council of Australian Governments (COAG) agreed in July 2009 to phase in mandatory disclosure of residential building energy, greenhouse and water performance at the time of sale or lease, commencing with energy efficiency. COAG recently engaged the Australian public to gain their views on the rating scheme. The Victorian Government, as part of this [...]
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Posted in Market Updates, News, Research on Oct 22nd, 2010
Spring has hit Melbourne’s property market with a vengeance, with more than 1100 auctions listed this weekend in what has been dubbed ”super Saturday”. The frenzy of listings was the result of a limited number of weekend selling days free from other public events like the grand final and the spring racing carnival. ”Houses sold [...]
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