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The institute voted on its leader for the coming year on Monday, 9 October.
Jacob Caine has been elected as the Real Estate Institute of Victoria’s (REIV) president, with his tenure to last at least the next 12 months. Chief executive officer and partner at Caine Real Estate, he has been a long-time member of the institute and a director since 2020, as reported by the REIV.
Mr Caine’s assumption of the REIV’s top role follows former president Andrew Meehan’s decision to retire from the industry, which came into effect at the end of August.
The new presidency was confirmed via a vote of REIV board members, which also confirmed fellow directors, Megan Mander, a commercial real estate consultant, and Sam Hatzistamatis, a property management operations manager, as the institute’s new senior vice president and vice president respectively.
Entering the leadership role at a critical time in the state and national housing, Mr Caine shared his excitement at his new role and its possibilities.
“I’ve benefited significantly from my membership of the REIV over the years and am eager to contribute back as we lead one of Victoria’s most important sectors,” he explained.
“My appointment coincides with what is, without doubt, a pivotal time for real estate in Victoria,” he continued.
“As the sector’s peak body, we respect our role in representing the needs and interests of a growing pool of property market participants – from real estate professionals, to renters, buyers, home owners and investors.”
He believes the course of his tenure will “be a transformational period for the institute”.
The REIV’s next 12 months includes the sale of its real estate house in Camberwell, which Mr Caine insisted “headlines an important evolution strategy, which includes investments in our technological and educational capability and capacity, and creating better ways for Victorians to engage with the institute”.
“I look forward to working closely with REIV chief executive officer, Quentin Kilian, and the broader leadership team to advance our advocacy work and market influence,” he said.
Mr Caine concluded the institute has a “professionally and culturally diverse board motivated to govern the REIV’s strategy and orchestrate better outcomes for all Victorians engaged in real estate”.
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