The property market reaches new heights in prices
The Real Estate Institute of Victoria’s latest data reveals that metropolitan house values surpassed $850,000 for the first time. This result comes on the back of two consecutive quarters with growth of more than 3% each, the last time this occurred was in June 2017.
REIV President Leah Calnan said the Victorian property market continues its strong run with the latest REIV quarterly median price data showing that many price records have been eclipsed throughout the state.
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Disclaimer – The REIV is the most authoritative source for information about the Victorian rental market with historical vacancy rates from October 2002. The REIV, on a monthly basis, collect current vacancy rates and rental data from Members and view.com.au leases.
Jan 2020
