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...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained unchanged at 2.2%. The proportion of vacant properties in regional Victoria rose to 1.7%. The weekly median rent for houses in metropolitan Melbourne increased by $20 per week from $460 in September 2019 to $480. The weekly median rent for houses in regional...
Quarterly results highlight Victoria’s housing comeback The Real Estate Institute of Victoria’s latest data indicates Victoria’s housing market is bouncing back. Lower interest rates and rise in loan approvals have contributed in significant growth for the real estate sector as properties are being snapped up more quickly. A springtime boost is helping to restore the property market with house...
Time to upsize during the tail end of property market correction The Real Estate Institute of Victoria’s latest data reveals that the median house price for Middle Melbourne is sitting at less than $900,000 for the first time in almost three years, creating upsizing opportunities for aspirational house hunters with the goal of buying in to some of Melbourne’s most sought-after postcodes. REIV...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne was 2.2% The proportion of vacant properties in regional Victoria rose to 1.6%. The weekly median rent for houses in metropolitan Melbourne was $460 a week The weekly median rent for houses in regional Victoria also rose to $350 a week. Disclaimer -...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne as at March 2019 remained at a recorded rate of 2.2%. The proportion of vacant properties in regional Victoria as at March 2019 remained at a recorded rate of 1.2%. The weekly median rent for houses in metropolitan Melbourne stayed at $450 per week. The weekly median rent...
Overall, Melbourne’s median house price fell 1.4 per cent in the first quarter of 2019 to dip below $800,000 at $793,000. REIV President Robyn Waters said the median house price in Eltham increased 7.3 per cent to $950,000 in the January-March 2019 quarter while Greensborough’s median house price soared 6.0 per cent to $808,000. “Melbourne’s Green Wedge Council proved to be our property hot...
It’s widely recognised that both Melbourne and Sydney are the two largest cities of Australia. Both larger than our national capital city, Canberra. Their employment opportunities and lifestyle activities are just some of the drawing cards that make them so desirable. Sydney has been the most populous city since 1901. With this, it’s fair to say Sydney has been the largest contributor to the...
Melbourne’s median house price increases 1.4 per cent in 2018 The Real Estate Institute of Victoria’s latest data reveals that Melbourne’s median house price increased 1.4 per cent to $826,500 (from $815,000) and the unit price increased 1.8 per cent to $597,000 (from $586,500) in the 2018 calendar year. REIV President Robyn Waters said that despite low confidence, sluggish auction clearance rates...
According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne as at December 2018 was recorded at 2.2%, increasing from 2.0% in September 2018. The proportion of vacant properties in regional Victoria as at December 2018 was recorded at 1.2% decreasing from 1.4% in September 2018. The weekly median rent for houses in metropolitan...