REIV News

Auction preview 26 and 26 February

Wed, 22 Feb 2012 03:19:00 +1100

Auction numbers increase this weekend for the third consecutive time as the REIV expects around 880 homes to be offered.

A view on interest rates

Mon, 20 Feb 2012 09:27:00 +1100

A review of the Reserve Bank decision not to change the cash rate at its most recent meeting provides a positive outlook on the Australian economy.

Supply and demand update

Mon, 13 Feb 2012 09:06:00 +1100

Late last year the Federal Government’s National Housing Supply Council released its 2011 State of Supply report.

Suburbs with improved affordability

Sat, 11 Feb 2012 07:12:00 +1100

Further analysis of the REIV December quarter median prices shows that nine out 10 suburbs have median house prices below their peak value.

Buyers rights to cool-off change on 1 March

Mon, 6 Feb 2012 08:49:00 +1100

If you are a buyer of residential real estate you will find that, beginning on 1 March, the cooling-off rules have changed.

December median prices by council area

Sat, 21 Jan 2012 07:40:00 +1100

The REIV December quarter median prices has some interesting facts about Victorian municipalities.

Vote for Melbourne Property TV in the 2012 Logies

Wed, 18 Jan 2012 09:52:00 +1100

Show your support by voting for Melbourne Property TV in the 2012 TV Week Logie Awards.

November market update

Mon, 19 Dec 2011 08:52:00 +1100

The recently released REIV median prices for the year ending 30 November show overall house prices stable in 2011 compared to 2010.

Affordability on hold

Mon, 12 Dec 2011 08:48:00 +1100

The affordability of housing for Victorian owner-occupiers has barely changed in the past year, according to the most recent REIA Deposit Power Housing Affordability Report.

Rental conditions ease

Mon, 12 Dec 2011 08:46:00 +1100

The easing of conditions in the rental market that commenced in the middle of 2008 has continued, with the Melbourne metropolitan vacancy rate exceeding three per cent in October.

Incentives for first home buyers

Mon, 5 Dec 2011 08:45:00 +1100

With house prices lower than they were at the most recent peak a year ago, now is a sensible time for those considering buying their first home to take the step into home ownership.

Negotiating your sale authority

Mon, 28 Nov 2011 09:14:00 +1100

Before you engage a real estate agent to sell your property, it is a good idea to consider a simple check list of the things you want to negotiate and want covered in the authority.

Less time to pay stamp duty

Mon, 21 Nov 2011 10:49:00 +1100

Stamp duty is an issue at the forefront of most buyers’ minds.

Buyers agents

Mon, 14 Nov 2011 09:35:00 +1100

Over the past decade the number or real estate agents acting as buyers agents have increased and buyers should consider using their services.

Affordable homes in expensive suburbs

Mon, 14 Nov 2011 09:24:00 +1100

One of the advantages of higher density housing is that if offers people the opportunity to live in inner-city areas close to the CBD, with excellent public transport and a wide range of amenities at a much lower cost.

REIV urges State Government to reform property taxes

Thu, 10 Nov 2011 09:22:00 +1100

The REIV has welcomed the recommendation reform state taxes from the Victorian Competition and Efficiency Commission (VCEC) Inquiry into a State-based Reform Agenda.

Regional Victoria median house prices

Mon, 7 Nov 2011 08:48:00 +1100

The REIV’s September quarter market update shows that the median house price in regional Victoria has dropped to $310,000 from $320,000 in the June quarter.

Auctions for units and apartments

Mon, 31 Oct 2011 10:47:00 +1100

From the broad perspective of changes in median prices, there are few differences between the market for units and apartments and houses.

Melbourne Property TV in Ballarat

Mon, 24 Oct 2011 07:40:00 +1100

Ballarat featured in last weeks Melbourne Property TV.

Medium term capital growth

Mon, 24 Oct 2011 07:19:00 +1100

The underlying message from the REIVs September quarter property update is that when 2011 is complete in two months there is unlikely to be any substantial capital growth in Melbourne compared to 2010.

Recognising the best in real estate in Victoria

Thu, 20 Oct 2011 09:55:00 +1100

The 2011 REIV Annual Awardsfor Excellence were held at Crown Palladium on Thursday 20 October and the best of the Victorian real estate profession was recognised.

Trevor Booth elected REIV President

Wed, 19 Oct 2011 12:00:00 +1100

Mr Booth is a licensed real estate agent and Director of Ray White in Ballarat.

He has been on the REIV Board since 2006 and also serves as a Director of realestateVIEW.com.au.

Melbourne median house price $551,000 in September quarter

Fri, 14 Oct 2011 12:00:00 +1100

The REIV’s September quarter market update shows that the median house price in metropolitan Melbourne has dropped to $551,000.

Loans as a market barometer

Mon, 3 Oct 2011 09:19:00 +1100

The monthly publication of housing finance data from the Australian Bureau of Statistics is very useful information for those with an interest in the market.

Ten years ago

Mon, 3 Oct 2011 09:18:00 +1100

A review of some market indicators shows that a lot has changed in the past decade.

Use of the term discounting

Mon, 26 Sep 2011 08:25:00 +1100

There has been an increase in the use of the term ‘discounting’ to describe the local property market. Unfortunately, it is a term that fundamentally misunderstands the notion of value and price in residential real estate.

Rental affordability

Mon, 26 Sep 2011 08:23:00 +1100

Recent data about the availability of rental homes in Melbourne may provide an indication that the tight conditions of the past six years are beginning to ease.

Mark Sumich wins NAB Australasian Auctioneering Championship

Wed, 21 Sep 2011 09:51:00 +1100

Mark Sumich from New Zealand has won the 2011 NAB Australasian Real Estate Institutes’ Auctioneering Championship. The runner up was Andrew North, also from New Zealand.

Melbourne Property TV extends transmission area

Tue, 13 Sep 2011 11:47:00 +1100

Starting 19 September Melbourne Property TV will be broadcast outside Melbourne and Geelong.

Commercial and Industrial Marketing Award winners

Thu, 8 Sep 2011 03:25:00 +1100

The REIV has announced the winners of the 2011 Commercial & Industrial Marketing Awards.

Availability of rental homes continues to improve in Melbourne

Wed, 31 Aug 2011 12:00:00 +1100

The July rental vacancy rates show that the availability of rental homes in Melbourne continues to improve.

Spring statistics

Mon, 29 Aug 2011 08:56:00 +1100

On the eve of spring it is useful to reflect on the suburbs that are performing well at auction and those where buyers may find some value.

Green stars for existing homes?

Mon, 29 Aug 2011 08:51:00 +1100

Will green stars for existing homes make a difference to buyers?

A definitive number of private sales

Mon, 22 Aug 2011 08:51:00 +1100

A review of the suburbs that showed the most sales by auction and most by private sale can tell you a lot about the Melbourne property market.

Property provides solid returns

Mon, 15 Aug 2011 08:52:00 +1100

The recent falls in the stock market, both here and overseas, are a timely reminder about the benefits of diversified investment portfolio which includes property.

Metropolitan units and apartments

Mon, 15 Aug 2011 08:49:00 +1100

The REIV recently released its June quarter median prices in which the health of various segments of the market is looked at.

NBN trial shows opt-in needs to be considered

Thu, 4 Aug 2011 07:27:00 +1100

The launch today of the NBN test site in Brunswick is a reminder of the need for the State and Federal Governments to consider an opt-out system rather than relying on home owners to opt in to this essential service.

2011 Novice Auctioneers finalists

Tue, 2 Aug 2011 03:52:00 +1100

The finalists in the REIV 2011 Novice Auctioneers' Competition are...

Commercial and industrial market forecast to improve

Mon, 1 Aug 2011 10:46:00 +1100

The annual REIV Commercial & Industrial Economic Forecast Luncheon was held on Friday 22 July and attendees listened to a detailed discussion about the economy and property market.

June Quarter rental update

Mon, 1 Aug 2011 09:25:00 +1100

It would appear that the shortage of rental homes faced by the Melbourne market over the past 6 years has begun to ease.

How the clearance rate is calculated

Fri, 29 Jul 2011 04:39:00 +1100

Over the last three weeks a number of articles have been published which have raised some questions about the integrity of our collection method, the clearance rate and the number of sales.

Regional Victoria median house prices

Mon, 25 Jul 2011 09:01:00 +1100

The REIV June quarter median prices reveal that the median price of a house in regional Victoria has increased by 1.6 per cent to $325,000 from $320,000 in the March quarter. Over the past 12 months the increase has been 8.5 per cent.

What is all the fuss about auction clearance rates?

Thu, 21 Jul 2011 04:25:00 +1100

For the last two Sundays The Age has published articles questioning the REIV’s collection and reporting of auction and private sales results.

What is the median price?

Mon, 18 Jul 2011 08:37:00 +1100

On the REIV website the most recent median prices can be found. To fully appreciate the information it is important to know what the ‘median’ is.

Matthew Young wins REIV Senior Auctioneers’ Competition for 2011

Wed, 13 Jul 2011 05:55:00 +1100

REIV President John Grabyn congratulated Matthew Young on his high degree of technical proficiency, professionalism and skill in conducting an entertaining auction.

Dwelling types over time

Mon, 11 Jul 2011 08:44:00 +1100

Next weekend the REIV will release its June quarter median prices for houses, units and apartments.

Clearance rates since January

Mon, 4 Jul 2011 08:22:00 +1100

In the first six months of the year there were a number of suburbs that recorded clearance rates well in excess of the city-wide 59 per cent.

Standards must remain high in real estate

Fri, 1 Jul 2011 11:58:00 +1100

The REIV has called on the Victorian Government to ensure that licensing and educational standards for Victorian real estate agents are maintained in the move to national licensing.

Auctions in Winter and Spring

Mon, 27 Jun 2011 08:47:00 +1100

It is traditionally the case that auction volumes reduce over winter in Melbourne and that is expected to be the case again this year.

Housing affordability update

Mon, 20 Jun 2011 08:53:00 +1100

The most recent release of the REIA Housing Affordability Report shows that there was a very minor improvement in affordability in the March quarter this year.

Conditions differ across Melbourne

Mon, 20 Jun 2011 12:00:00 +1100

Research is critical when making decisions on what to buy and how much to pay at auctions.

Finalists in 2011 REIV Senior Auctioneer of the Year

Fri, 17 Jun 2011 09:36:00 +1100

The finalists in the 2011 REIV Senior Auctioneer of the Year competition have been announced.

National Housing Supply Council

Fri, 10 Jun 2011 12:00:00 +1100

The recent announcement by the Federal Government that the National Housing Supply Council has been reformed with new members is good news for all involved in the buying, selling and construction of homes.

Population growth and housing issues

Mon, 30 May 2011 12:00:00 +1100

Accomodating our growing population is one of our community’s most pressing concerns.

April rental update

Mon, 30 May 2011 12:00:00 +1100

The REIV April vacancy rates report reveals little improvement in the state of the rental market during the past 12 months.

Take a medium term view

Mon, 23 May 2011 12:00:00 +1100

The constant debate about whether there is a bubble in the local housing market and if it has burst consistently fails to take into account the long term performance of the real estate market.

Seniors benefit from lower duty

Mon, 16 May 2011 12:00:00 +1100

There has been a lot of discussion about reductions in stamp duty being offered to first home buyers after 1 July, and the improved and increased assistance for seniors is equally significant.

First home buyers can benefit from stamp duty cut this weekend

Thu, 12 May 2011 12:00:00 +1100

A factor of the recently announced 20 per cent discount on stamp duty for first home buyers that could easily be overlooked is that it may apply to homes purchased now...

REIV welcomes stamp duty cuts for first home buyers, pensioners

Tue, 3 May 2011 12:00:00 +1100

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Medium-term returns by distance from CBD

Mon, 2 May 2011 12:00:00 +1100

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Metropolitan rental market March quarter

Mon, 2 May 2011 12:00:00 +1100

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Affordability worsens

Mon, 18 Apr 2011 12:00:00 +1100

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REIV releases median prices for March quarter 2011

Fri, 15 Apr 2011 12:00:00 +1100

Recent statistics on numbers of first home buyers

Wed, 13 Apr 2011 12:00:00 +1100

The number of Victorians buying their first home has been reducing over the last year.

Reading results? These are important terms

Mon, 4 Apr 2011 12:00:00 +1100

Each weekend hundreds of homes are bought and sold at auction, with results reported in newspapers and at www.reiv.com.au. If you are attending an auction or reviewing the results there are some important terms you need to understand.

Ian McDonald and Tim Heavyside win national awards

Fri, 1 Apr 2011 04:33:00 +1100

Sales method - auction v private sale

Mon, 28 Mar 2011 12:00:00 +1100

If you are planning to place your property on the market this year you will need to decide which method of sale will best suit your property.

Is there a standard commission?

Mon, 21 Mar 2011 10:22:00 +1100

For their services a great majority of real estate agents charge a success-based commission.

Financial matters to consider when buying your first home

Mon, 21 Mar 2011 12:00:00 +1100

First home buyers and assistance have dropped recently as interest rates and prices have risen.

Attending an open

Tue, 15 Mar 2011 03:18:00 +1100

Open houses are a great way to see first-hand a home you are interested in buying, and they provide a good opportunity to find out more details.

What happens when a property is passed in at auction?

Tue, 15 Mar 2011 10:22:00 +1100

The last few months have seen clearance rates in the mid- to low 60s, which means there is a higher proportion of homes being passed in than there was 12 months ago.

First home buyers in need of a boost

Wed, 9 Mar 2011 10:42:00 +1100

According to data available from the Victorian Government, the number of first home buyers has reduced substantially in the past year.

Melbourne records six years below three per cent

Wed, 9 Mar 2011 10:42:00 +1100

After a minor improvement last month, the level of rental vacancies decreased again in both metropolitan and non-metropolitan areas.

Property ancestry

Tue, 8 Mar 2011 12:00:00 +1100

Who owned your house before you? How much did they pay for it?

Placing a value on property

Mon, 7 Mar 2011 04:08:00 +1100

Professional valuers play an important role and can be of assistance to sellers and buyers.

Melbourne residential vacancy rate below three per cent since 2005

Wed, 2 Mar 2011 10:22:00 +1100

The vacancy rate for residential properties has now been below three per cent for six years, according to the REIV January vacancy rate release.

Auction v private sales in 2010 December quarter

Mon, 21 Feb 2011 12:00:00 +1100

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REIV releases median prices for 2010

Sun, 20 Feb 2011 12:00:00 +1100

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Median prices by bedroom

Mon, 14 Feb 2011 12:00:00 +1100

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Property ancestry

Mon, 14 Feb 2011 12:00:00 +1100

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Units and apartments in the December quarter

Mon, 7 Feb 2011 12:00:00 +1100

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November REIV rental vacancy rates

Mon, 24 Jan 2011 12:00:00 +1100

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Melbourne median house price tops $600,000 for the first time

Fri, 21 Jan 2011 12:00:00 +1100

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