Mark Ruttner, Author at FVG

Land Tax Assessments for 2022 Have Now Been Issued

Written by Mark Ruttner on February 16, 2022. Posted in Blog, Land Tax.

Land Tax Assessments for 2022 Have Now Been IssuedSimply, Be Proactive & Don’t Procrastinate We are writing to you as a valued client to again make you aware that the “site value” apportionment is of most importance in relation to Land Tax Assessments for the period under consideration. Initial viewings would indicate a decrease in the levels of value from the highs of the last assessment. However, even though a decrease may be evident, such decrease may not take into account circumstances that pertain to your specific property. The grounds for objection are as follows:(a)...

Finishing Off the Calender Year of 2021, Provides a Very Positive Outlook for Real Estate Property in General

Written by Mark Ruttner on October 22, 2021. Posted in Blog, Real Estate.

Finishing Off the Calender Year of 2021, Provides a Very Positive Outlook for Real Estate Property in General Without hesitation the real estate market in Melbourne has seemingly had one of the biggest uplifts in levels of value and consistency of market forces that I have experienced. Simply, my initial thoughts back in March 2020 were very pessimistic for the year ahead….how wrong I and a lot of property participants were. The obvious reasons are many, but low interest rates, under supply of real estate offerings, rate of return in excess of most alternatives of a fixed bank nature,...

The First Signs of 2021 and The New Normal

Written by Mark Ruttner on February 9, 2021. Posted in Blog.

The First Signs of 2021 and The New Normal 1. Market perception optimism prevails … What a great start to 2021, in simple terms, probably the best start in the last five (5) years. A steady flow of both commercial and residential transaction property participants from real estate agents, developers, owner occupiers and private investors alike, all striving to abandon the Covid-19 syndrome and participate in a steady and buoyant real estate market. There is definitely a sense of “Let’s forget the last twelve (12) months and let’s make sure 2021 is a good year”....

Retail Leases Act 2020 (as amended) as at 22 September 2020

Written by Mark Ruttner on January 27, 2021. Posted in Blog.

Retail Leases Act 2020 (as amended) as at 22 September 2020. The changes property participants should be aware of in 2021. Essential Safety Measures (ESM) (Sections 3, 29, 41(2)) Lessee is now liable to pay for the cost of ESMs for the premises under Lease if specified within the Lease document entered into. Disclosure Statement (Section 17) On entering a new Lease, the Landlord is now required to give to a Lessee at least 14 days before entering into the proposed Lease, a copy of the Disclosure Statement and the Lease as proposed. The Lease is deemed to commence 14 days after the Disclosure...

Retail Leases Amendment Act 2020

Written by Mark Ruttner on September 29, 2020. Posted in Blog.

Retail Leases Amendment Act 2020 Critical Amendments of which will impact both Landlords and Tenants The retail real estate market remains in a state of flux with many property participants, be it landlords and/or tenants, directly affected by the ongoing lockdown restrictions imposed by the State Government of Victoria. The Retail Lease Amendment Act 2020 is now in effect from 23 September 2020. According to the Real Estate Institute of Victoria (REIV), the lack of ‘genuine consultation with the industry about the proposed changes’ was a real concern with many aspects of the...

The Local Impact of Covid-19 on the Melbourne Real Estate Market

Written by Mark Ruttner on August 27, 2020. Posted in Blog, Real Estate Market.

The Local Impact of Covid-19 on the Melbourne Real Estate Market There are so many areas of variance within the Melbourne real estate market that differ within the Covid-19 environment. The major consequence being the direct lack of transactions both within the commercial and residential sub-markets. Interestingly enough, the general media has been extremely quiet in relation to any type of commentary as to the market and so it should, in light of the lack of movement within both the sales and leasing markets. In essence, the markets could be termed as “static”. Forget the throw away headlines...

Author: Mark Ruttner