For the week ending the 20th April 2025, a total of 194 properties were scheduled to go under the hammer in Victoria. There were 61 homes sold at auction that week, with 21 homes sold prior to auction, 3 sold after and 28 homes passed in. According to data from realestate.com.au, there was a clearance rate of 60%. If you have already found a property you are interested in and would like a …
Good Friday Rental Market Update
Checking up on the state of the rental market this Good Friday, and the news isn't necessarily good for Victoria's property investors or tenants. Since Victoria's rental property taskforce was established in March last year, online complaints to the taskforce have exceeded 500. Consumer Affairs have issued orders to un-compliant Melbourne landlords to remedy breaches of the 130 reforms the …
Melbourne Weekend Auction Results
For the week ending the 13th April 2025, a total of 482 properties were scheduled to go under the hammer in Victoria. There were 323 homes sold at auction that week, with 94 homes sold prior to auction, 1 sold after and 64 homes passed in. According to data from reiv.com.au, there was a clearance rate of 87%. If you have already found a property you are interested in and would like a …
March 2025 Quarterly Results
The REIV were finally able to report positive median price growth across Victoria's metropolitan and regional property markets during the March quarter, something Victoria hasn't experienced since December 2021. Following declines in the December 2024 quarter, March saw median house prices rise 2.7% and 1.2% respectively in metropolitan and regional Victoria. Units and apartments also rose 0.9% …
Melbourne Weekend Auction Results
For the week ending the 6th April 2025, a total of 902 properties were scheduled to go under the hammer in Victoria. There were 548 homes sold at auction that week, with 222 homes sold prior to auction, 2 sold after and 130 homes passed in. According to data from reiv.com.au, there was a clearance rate of 86%. If you have already found a property you are interested in and would like a …
The Federal Budget’s Impact on Victorian Real Estate
As expected, Australia's housing crisis was a focal point in last week's Federal Budget announcement. In an effort to make housing more affordable for all Australians, the budget proposes changes to the Commonwealth Help To Buy scheme, support for the construction of more new homes and restrictions to foreign investment in residential housing. Extensive revisions to the Help To Buy scheme …
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RBA Leaves Interest Rates On Hold
April Fool's Day didn't see a repeat of the Reserve Bank's interest rate cuts in February, as they announced that the official cash rate will remain unchanged at 4.10 per cent. In a statement released today, the RBA cited uncertain outlooks and a commitment to returning inflation to target levels as the reasons behind their decision. "There are notable uncertainties about the outlook for …
Melbourne Weekend Auction Results
For the week ending the 30th March 2025, a total of 780 properties were scheduled to go under the hammer in Victoria. There were 438 homes sold at auction that week, with 188 homes sold prior to auction, 2 sold after and 152 homes passed in. According to data from reiv.com.au, there was a clearance rate of 81%. If you have already found a property you are interested in and would like a …
Property Market Snapshot As At March 2025
With another RBA cash rate decision pending next week, its a good time to take a snapshot of the Victorian property market so far this year. The Real Estate Institute of Victoria apply a Residential Market Index (RMX) to measure property price movement over time. As at 23 March 2025 the RMX was 162.10, dropping 1% from 23 February 2025. As an annual comparison, Victoria's RMX was 165.50 as at …
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Melbourne Weekend Auction Results
For the week ending the 22nd March 2025, a total of 636 properties were scheduled to go under the hammer in Victoria. There were 345 homes sold at auction that week, with 176 homes sold prior to auction, 1 sold after and 114 homes passed in. According to data from reiv.com.au, there was a clearance rate of 82%. If you have already found a property you are interested in and would like a …
