Geoff White is the state manager - Victoria / Tasmania CoreLogic. He was previously CEO of the Real Estate Institute of Victoria, and has served in senior roles at the REIV since 2003. Geoff is a fifth-generation estate agent, beginning his own career in real estate in 1984. He has managed and sold residential, commercial and industrial property, and has owned and operated his own real estate business. Geoff has a passion for cars and motor racing.
In Victoria, underquoting has been rife for over a decade. Consumer Affairs Victoria has introduced new rules, which come into effect on 1 May 2017.
CEO of the REIV, Geoff White, expects strong Melbourne sales to continue into December, and, after the traditional holiday slow-down, for the market to pick up again in 2017.
Melbourne’s median house price increased 3.2 per cent in the September quarter to $740,000, according to the REIV.
Victoria’s west, from Horsham to Geelong, has led the way of solid home price growth, the latest REIV price data as of 30 September shows.
The REIV is highlighting access to tenanted properties - for re-letting, or to sell the property - as a key area in Victoria’s Residential Tenancy Review.
A review of the Victorian Residential Tenancies Act, which is looking at issues affecting the state’s 500,000 rental homes, is hitting a critical stage with an Options Paper due to be released soon.
Changes to price quoting announced by the government will greatly benefit those looking to buy real estate in Victoria, says REIV.