New long-term residential tenancy legislation does not provide adequate protections for landlords and will place their investments at risk, the Real Estate Institute of Victoria has warned.
Inner city bayside areas are more expensive by the square metre than homes in the opulent suburb of Toorak, new REIV data shows.
Large homes in Melbourne’s bridesmaid suburbs were standout performers in the June quarter, with demand for space driving buyers further from the city.
An important vendor right to object to the disclosure of their home’s sale price has been eroded by the new underquoting legislation, the Real Estate Institute of Victoria said today.
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter.
Melbourne’s reputation as the auction capital of the world remains intact with a record number of homes going to auction and selling under the hammer in 2017.
The Government’s first homebuyer initiatives are likely to skew citywide values in the June quarter, the Real Estate Institute of Victoria said today.
While temperatures cooled across the city, Melbourne’s auction market remained hot with the highest number of homes selling under the hammer this autumn.
The number of million dollar suburbs in Melbourne has quadrupled in the past five years, new data from the REIV shows.
Regional Victoria is delivering dividends for investors with every property type in regional Victoria recording a higher rental return than metropolitan Melbourne.