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.
Proposed changes to negative gearing are short-sighted and would be extremely damaging to renters.
The REIV is embarking on a comprehensive consultation process with members in a bid to address price quoting, CEO Enzo Raimondo said today.
Regional Victoria was the state’s main growth driver in median prices in the December quarter, outstripping Melbourne.
Melbourne’s median price has moderated following four successive quarters of growth, providing positive news for house hunters in 2016.
The Victorian property market finished 2015 on a high with a record number of auctions held in November and December.
Multiple regional towns have recorded significant median house price growth in the five years to September 30.
REIV CEO Enzo Raimondo discusses the 2015 property market and looks ahead at 2016.
It’s been a remarkable spring selling season, especially in Melbourne where multiple auction records fell over the three month period.