Get ready to break out the beanie, gloves and scarf… there are just two weeks left before it is officially WINTER! If you've been contemplating selling your home but think you should wait until spring, here are six good reasons why selling your home in winter is actually a good idea: So don't dismiss the idea of selling in winter - unless you live by the beach or have a swimming pool it …
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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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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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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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 …
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% …
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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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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Top Quartile Home Values Increase
It's good news for Melbourne's high end property market this month, with recent reports from Corelogic showing upper quartile property values increased during February. Nationally, capital city top quartile home values rose 0.2% in February, in stark contrast to a 0.3% decline in January. Corelogic economists say Melbourne, Sydney and Hobart's top quartiles recorded the strongest growth …
Victorian Parliament Passes the Housing Statement Reform Bill
The Housing Statement Reform Bill has been passed in the Victorian Parliament, with the new laws to come into effect in November. Additional reforms to the bill, which has a heavy focus on protecting the rights of Victoria's renters, were announced last October. These will be introduced in the form of a new bill towards the end of the year. The Bill is set to significantly impact Victoria's …
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