Real Estate News

More rights for tenants
Bendigo Weekly
The state government says a new package of tenancy reforms will make renting fairer for the one in four Victorians who rent their home. The government claims its rental fairness package released earlier this week gives tenants more rights, helps them stay on longer leases, makes bonds smalle..
12-Oct-2017
No
0
No
Portfolio a building win
Bendigo Weekly
THE Victorian Liberal party’s appointment of a shadow minister for the building industry has been welcomed by an industry association. Member for Gembrook Brad Battin has taken on the role alongside his shadow portfolio of emergency services. Master Builders Association of Victoria..
27-Sep-2017
No
0
No
Rents on the rise
Bendigo Weekly
While rents have remained relatively stable across the state, popular property types have experienced solid rental growth in the year to June 30. The latest Real Estate Institute of Victoria data shows two-bedroom units recorded the state’s highest weekly rental increase, up 4.2 per ce..
21-Sep-2017
No
0
No
Grant scheme a winner
Bendigo Weekly
THE state government has urged regional Victorians considering the purchase of their first home to consider their eligibility under the revamped First Home Owner Grant scheme. Changes were introduced to the scheme in July, meaning eligible regional first home buyers would receive double the ..
15-Sep-2017
No
0
No
Cash rate to stay on hold
Bendigo Weekly
EXPERTS predict the official cash rate will remain steady for the duration of 2017 in the face of muted inflationary pressures and mixed demand conditions. Housing Industry Association principal economist Tim Reardon said this week’s statement from the Reserve Bank and other recent hou..
07-Sep-2017
No
0
No
Approvals show growth
Bendigo Weekly
New data shows the number of new homes being approved and built in Victoria continues to grow, supporting local jobs and a strong economy. The latest figures from the Australian Bureau of Statistics (ABS) reveals building approvals and construction work completed in the past 12 months have c..
31-Aug-2017
No
0
No
Green light for Marong
Bendigo Weekly
The state government says its recent rezoning of more than 300 hectares of land at Marong should help boost employment and economic development in the region. Planning minister Richard Wynne has given the green light to the Marong Business Park, paving the way for the City of Greater Bendigo..
25-Aug-2017
No
0
No
Commercial confidence
Bendigo Weekly
SEVERAL high-profile commercial sites in the heart of Bendigo have changed hands in a series of sales agents describe as a real confidence booster for an already buoyant local market. Two high profile commercial sites in Bendigo’s central business district were sold at auction last Fri..
18-Aug-2017
No
0
No
Group bridging the gap
Bendigo Weekly
WHEN three local real estate agents decided to start a networking group for women in the industry, it started as little more than the occasional coffee and chat. In just two months, the membership of the WIRE (Women in Real Estate) group has exploded to over 60 members and held its first maj..
27-Jul-2017
No
0
No
Growth land on the map
Bendigo Weekly
MORE than 2200 hectares of land within Bendigo’s urban growth boundary has been earmarked as candidate land to be rezoned for infill residential development. City of Greater Bendigo strategic planning coordinator Andrew Cockerall has released for public comment the list of sites. ..
20-Jul-2017
No
0
No
Buyers back on board
Bendigo Weekly
NEW data shows first home buyers raced back into the home market in May. Housing Industry Association principal economist, Tim Reardon, said the ABS released the housing finance data for May confirms new home lending increased during the month. “We have seen significant growth in l..
13-Jul-2017
No
0
No
Builders in winning form
Bendigo Weekly
TWO Bendigo builders won top honours at last Week’s North West Master Builders Regional Building Awards. Todd Newman Builders was named Residential Builder of the Year (North West) for a second year in a row, while Fairbrother Pty Ltd was named Commercial Builder of the Year for its wo..
29-Jun-2017
No
0
No
Letter to the editor
Bendigo Weekly
THE looming sale of the largest single Bendigo CBD commercial offering in a long time has been billed as the opportunity of a lifetime. Selling agents for the approximately 8156 square metre holding situated at 113-133 Mollison Street are DCK Real Estate and Melbourne based Gross Waddell Pt..
15-Jun-2017
No
0
No
Capital plus for region
Bendigo Weekly
Melbourne’s buoyant property market is boosting the median house price of towns within commuting distance of the city. The latest REIV data shows greater Geelong accounted for almost half of the state’s top growth suburbs in the year to March 30. East Geelong experienced Vic..
09-Jun-2017
No
0
No
Growth in unit rental
Bendigo Weekly
In the year to March, two-bedroom units recorded the highest rental growth of any property type in regional Victoria. New REIV data shows the median weekly rent for two-bedroom units rose 4.2 per cent over the year to $250 – a $10 increase on the same period last year. The border..
01-Jun-2017
No
0
No
Change for valuations
Bendigo Weekly
PLANNED state government changes to property valuations have met with opposition from the City of Greater Bendigo council. The council believes the changes could mean job losses and increased costs to ratepayers. The city conducts its property va..
25-May-2017
No
0
No
Regions the better buy
Bendigo Weekly
While housing affordability remains a hot topic in Melbourne, new REIV data shows buyers are able to get a foothold on the property ladder in multiple regional towns for less than $250,000. The REIV’s March figures show the state’s most affordable towns are located in reg..
18-May-2017
No
0
No
Local agents join forces
Bendigo Weekly
Local Real Estate Institute of Victoria agents teamed up to help support the RSL ahead of this week’s ANZAC Day commemorations. Building on a long held tradition involving local firms, agents were quick to put aside competitive rivalries and to spend time volunteering side by side sell..
27-Apr-2017
No
0
No
Investment rate rises
Bendigo Weekly
BENDIGO Bank has opted to increase its residential investment variable interest rate by 0.25 per cent to 6.01 per cent. Standard residential variable mortgage rates for owner-occupiers remain unchanged at 5.48 per cent. The change is effective as of today, March 31, for new and existing..
30-Mar-2017
No
0
No
House builds tumble
Bendigo Weekly
BENDIGO suffered a 30 per cent drop in new house construction last year but the City of Greater Bendigo is waiting for activity data to determine the cause. The industry is worth $320 million a year to the city, and employs 650 people, but is said to have produced less than 700 houses in calend..
16-Mar-2017
No
0
No