Melbourne's buoyant property market has rocketed past another record – by breaking the $700,000 median price ceiling for the city for the first time ever.
The new financial year is the monetary equivalent of January 1 – a time to take stock, a time for plans and resolutions, a time for changes.
Victoria's housing market has broken another record, with the highest number of auction sales over any six-month period in Melbourne’s history – in the year to 30 June.
Sellers in multiple Melbourne suburbs have been virtually guaranteed their homes will sell in the past three months, the REIV said today.
Everyone who owns property has one burning question: will my house increase in value this year?
Last month the Victorian Government released a discussion paper on apartment design. This is particularly important as Victoria’s population grows and medium density is no longer confined to the inner city.
Three-bedroom homes in Bendigo had the highest capital growth of any house type in any regional centre across Victoria in the past year.
The REIV has welcomed the announcement from the Victorian Government that planned regulatory changes to commercial licensing in Victoria would be repealed.
There is a price difference of more than $100,000 between a one-bedroom central Melbourne apartment with a car parking space and one without.
The REIV has welcomed major new investment initiatives by the State Government in schools, roads and rail which will strengthen Melbourne's middle and outer suburbs.