While house prices in regional Victoria increased 4.5 per cent in the year to March 31, new REIV data shows multiple regional towns experienced significant capital growth.
The national real estate body, the Real Estate Institute of Australia (REIA) along with state-based REIs – including the REIV – has launched a campaign calling for the retention of negative gearing.
The REIV welcomes today’s decision to lower the RBA cash rate by 25 basis points to a record low 1.75 per cent – boosting confidence in the market and helping buyers gain a foothold on the property ladder.
The Real Estate Institute of Victoria has backed new initiatives announced by the State Government today, including significant road and rail investment across the state.
After 16 years of service, REIV CEO Enzo Raimondo is departing the REIV at the end of the financial year to take up another opportunity within the property industry.
Buyers are likely to be spoiled for choice in the coming months, with Melbourne’s property market set to experience stronger May and June sales after a slow start to 2016.
If you reside in or own one of Victoria’s 500,000 rental properties, then it’s likely you’ll be impacted by any changes to the Residential Tenancies Act (RTA).
Last weekend’s auction bonanza has broken the record for the highest number of homes sold in a single weekend, the REIV said today.
Changes to price quoting announced by the Government are a significant step forward and bring transparency and consistency to property transactions, the Real Estate Institute of Victoria said today.
Legislation governing the way notices are issued under the Residential Tenancies Act is in line for an update in coming months.