06 Sep REIP Newsletter – September 2021
Welcome to this month’s REIP Industry Pulse.
With the NSW and VIC lockdowns currently set to continue through September, there is a lot of talk in the industry about the spring market being pushed back to late spring or early summer.
Right now, it’s great to see vaccination rates climbing but until they reach the 70% milestone, we’ll continue to face a shortage of new stock and have to limit our movements to comply with the 5km radius rule.
However, once restrictions do start to lift, we can expect to see a surge of new properties coming to market. This raises the question – after an extended period of downtime will agents be ‘game fit’ to tackle a sudden market uplift? Let us know what you think in our poll.
Mental health has quite rightly been given increased attention since COVID turned our lives upside down, and as industry leaders, we haven’t necessarily been given the best tools to support our people and their families through a situation like this.
The Real Care App has been specifically designed by the real estate industry to provide free mental health and wellness support. If you’re looking for new ways to support your team during this time, the app is well worth a look.
Lastly, we have some very exciting news from our partner Convini, and we welcome aboard another new partner 360 App. Don’t forget, REIP members get access to exclusive discounts and offers from all of our partners, so if you haven’t already signed up, join us now for free.
News & Education
Disclosure of orders under the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020
Starting from 1 September 2021, the Property and Stock Agents Regulation 2014 (the Regulation) has been amended to prescribe a new material fact that agents must disclose to prospective property buyers.
The extended lockdowns in both NSW and VIC are taking their toll. Despite the efforts from our industry leaders to support their people through these difficult times, agents and their teams are mentally exhausted, drained and tired.