Real Estate News

Beware Rental Scams

An online scam offering cheap rental accommodation continues to exploit potential tenants seeking rental accommodation, and again highlights the advantages and the security guaranteed when renting with a reputable property agency such as MICM Property.

This scam involves the fraudulent advertising of rental properties that are not actually available. The … more »

Another Reason to Move to the CBD

The State of Australian Cities report was prepared by the Federal Government and was published last week and one of the areas highlighted for the City of Melbourne was the move of the workforce into Melbourne’s CBD. The report states that in the municipality of Melbourne jobs … more »

RBA Announces Another Rate Decrease

With the RBA announcing that they will reduce the cash rate by 0.25 points to an overall rate of 3.00% Australian homeowners are now paying one of the lowest levels ever . The main factor that has influenced this decision was the slowing growth … more »

A Guide to Owners Corporation Fees

[caption id="attachment_2386" align="aligncenter" width="627"] This graph demonstrates the Owners Corp. spend for a 22 storey high rise building with 128 apartments. Click to enlarge[/caption]
The Primary Question for lot owners – either before you purchase or as an existing owner looking at your Notice of AGM … more »

Melbourne Citymission Partnership

MICM Property is proud to announce its charity partnership with Melbourne Citymission, in particular the Melbourne Citymission Academy program. The Academy program has been established in line with the Melbourne City Mission vision  to educate every young person who is disadvantaged in the heart of Melbourne. … more »

HIA Award winner CityTempo – Victorian Apartment Project of the Year 2012

The MICM Property managed project, CityTempo has been awarded one of the Housing Industry Associations (HIA) highest honours, “Victorian Apartment Project of the Year 2012″. The HIA Awards recognize achievements in housing excellence and are a way to celebrate … more »

Your guide to the Residential Tenancies Act 1997 Part3

Bonds

A bond acts as security that the tenant will meet the terms of the tenancy agreement (lease). The bond is held with the Residential Tenancies Bond Authority (RTBA), this is a government authority. There is an official ‘Bond Lodgement’ form signed by agent and … more »

Your guide to the Residential Tenancies Act 1997 Part2

A tenancy agreement can also be referred to as a lease. A tenancy agreement is normally in writing and spans a few pages, the first few pages outline the standard clauses, you should also include any special clauses you wish to add, along … more »

Insurance – Cause and Effect – How NOT to get Blown Away!

Natural and man-made catastrophes are becoming common place. Whether as a result of climate change, unsafe work practices or simply a desire to get someone else to pay for our own misfortunes – the cost of insuring ourselves and our property is climbing … more »

Melbourne Property Market

Even in a quiet market, MICM Property sales is still achieving good results across a wide range of Melbourne CBD properties, whether it be a first home, an investment or the acquisition of a luxurious apartment.   This has been achieved by our multi-lingual … more »