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announcement from the Victorian Government that planned regulatory changes to commercial licensing in Victoria would be repealed.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.
Melbourne's booming auction market, with a record 40,000 auctions last year, attracts headlines. But behind the scenes are the quiet achievers: private sales.
The 2015 property market has begun solidly, buoyed by low interest rates, with the cash rate kept on hold by the Reserve Back recently, at its 2.25 per cent record low.
The median price for a home in Melbourne’s inner suburbs has topped $1.1 million for the first time.
A million dollar home used to be the preserve of the wealthy. Now, though, many Melburnians are millionaires – on paper at least – simply because the homes they bought years ago have appreciated in value.