Economic Update

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Rental Market Snapshot – June 2018

According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne fell slightly to 1.9%, while regional Victoria remained at 1.6%  in June 2018. The weekly median rent for houses in metropolitan Melbourne rose back to $450 a week, while the weekly median rent for houses also increased to $330 a week in regional...

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Median Property Prices – March 2018

This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. The Real Estate Institute of Victoria (REIV) has now released the property medians for the March 2018 quarter. New REIV data for the three months ended 31 March 2018 reveals that the median house price in middle Melbourne exceeded seven figures for the first time -...

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