For the week ending the 11th May 2025, a total of 477 properties were scheduled to go under the hammer in Victoria. There were 304 homes sold at auction that week, with 99 homes sold prior to auction and 74 homes passed in. According to data from reiv.com.au, there was a clearance rate of 84%. If you have already found a property you are interested in and would like a professional to help …
Melbourne Property Values On The Rise
On the back of 0.25% property value price growth in April, industry experts are predicting a strong comeback to the Melbourne property market this year. After lagging behind most other states for the past couple of years, Melbourne property reached a median value of $781,000 in April, recording the second highest monthly price growth in the nation behind Adelaide. According to …
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Melbourne Weekend Auction Results
For the week ending the 4th May 2025, a total of 418 properties were scheduled to go under the hammer in Victoria. There were 253 homes sold at auction that week, with 100 homes sold prior to auction and 65 homes passed in. According to data from reiv.com.au, there was a clearance rate of 84%. If you have already found a property you are interested in and would like a professional to help …
How Will The Election Result Affect The The Housing Industry?
Tomorrow's federal election is likely to bring about a new approach from a Coalition government or the continued rollout of the current Labor government's housing policies in the following key areas: Housing Supply Labor remain committed to their National Housing Accord target of building 1.2 million homes by 2029 as well as the continuation of their Housing Australia Future Fund …
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Melbourne Weekend Auction Results
For the week ending the 27th April 2025, a total of 170 properties were scheduled to go under the hammer in Victoria. There were 106 homes sold at auction that week, with 34 homes sold prior to auction and 30 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 professional to …
Momentum is Building In Sydney and Melbourne Property Markets
Economists suggest we can expect to see rising activity in the Melbourne and Sydney property markets this year, prompted by anticipated interest rate cuts. Based on the likelihood of multiple rate cuts by the Reserve Bank of Australia throughout 2025, brokers are predicting a boom in Sydney and Melbourne's property markets with renewed buyer interest across the inner to middle city suburbs. …
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Melbourne Weekend Auction Results
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 renters. 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 rental providers to remedy breaches of the 130 reforms …
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% …
