Jacob Caine
Jacob Caine is the president of the Real Estate Institute of Victoria, where he represents the interests of real estate professionals in the state. In recent discussions, he highlighted the alarming low vacancy rates in Melbourne, noting that there are significantly fewer rental properties available than needed to meet demand, which has led to increased household sizes and pressures on renters.
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Australia:
Jacob Caine, president of the Real Estate Institute of Australia, said this was 'one of the most important transitions of our residential built environment in generations'.
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Australia:
Real Estate Institute of Victoria interim chief executive Jacob Caine said if a bathroom in a rental became unusable, the landlord should cover the cost of an alternative solution.
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Australia:
Real Estate Institute of Victoria president Jacob Caine said the low vacancy rate means 'we have half the properties available that we need to rent to meet all the demand'.
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