Real Estate News

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
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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
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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
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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
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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
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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
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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
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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
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REIV urges act balance
Bendigo Weekly
THE state’s most disadvantaged tenants will be the hardest hit if proposed reform of the Residential Tenancies Act – the law that governs the rights and responsibilities of landlords and tenants – are adopted. Ironically, many of the proposed reforms are designed to improv..
02-Mar-2017
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Regional price boom
Bendigo Weekly
Regional homes by the beach are continuing to show excellent growth in property values, according to REIV statistics. The institute’s data for the final quarter of 2016 shows that five of the top 10 most expensive locations are currently on the coast. Barwon Heads continues to lea..
16-Feb-2017
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Rate cut ruled unlikely
Bendigo Weekly
THE Housing Industry Association believes the prospect of any further rate cut has been quashed, following this week’s announcement that there would be no change to the official cash rate. “Our forecast for some time has been for no further reduction to the official cash rate (OC..
09-Feb-2017
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Stores join for progress
Bendigo Weekly
LOCAL businesses along High Street on the southern edge of the CBD continue to collaborate efforts towards the support and establishment of a design precinct for Bendigo. Bendigo Design Precinct members presented the city’s first “Progressive Showroom” event earlier this we..
02-Feb-2017
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Approvals bounce back
Bendigo Weekly
THE Housing Industry Association this week said the volume of approvals across Australia for new dwellings bounced back strongly during the month of November. HIA chief economist Shane Garrett said new dwelling approvals rose by 7.0 per cent compared with the previous month but were 4.8 per ce..
26-Jan-2017
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Housing lend grows
Bendigo Weekly
ABS figures for November 2016 demonstrate strength in lending for new housing, said the Housing Industry Association. “Lending for new housing – to both owner occupiers and investors – turned in strong results in this latest ABS update,” HIA’s Harley Dale said. ..
19-Jan-2017
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High hopes for new apartments
Bendigo Weekly
THERE are signs that interest in city apartment living is on the rise in Bendigo with plans for a four-storey, eight-residence block on Galvin Street lodged with the City of Greater Bendigo council. The proposed development is located south of the central business district, in an area of Ben..
12-Jan-2017
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Bushland a gift for city
Bendigo Weekly
A THREE-stage residential development in Golden Square has been gifted to the City of Greater Bendigo by the Catholic Diocese of Sandhurst on the eve of the festive season. Unlike many other residential developments, Sandhurst Crest is bordered by more than seven hectares of native Box Iron..
21-Dec-2016
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First showing for Lansell Crest
Bendigo Weekly
A proposed 104-lot housing development in East Bendigo will be the first medium-density, diverse accommodation initiative to be built in Bendigo under council’s new residential strategy. There is much riding on the go ahead of Lansell Crest, for the council which has earmarked the 2...
09-Dec-2016
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Plans open for comment
Bendigo Weekly
BIRCHGROVE Properties is planning a residential project in East Bendigo featuring a range of housing types and more intensive development than is usual in Bendigo. Managing director Damien Tangey is opening development plans for the public to view a head of changes that need to be made ..
02-Dec-2016
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Profile block passed in
Bendigo Weekly
A HIGH profile block of land offering a variety of potential uses to savvy investors remains on the market after it was passed in at auction earlier this week. The property, located at 62-68 Eaglehawk Road at Ironbark opposite the Marong Road traffic lights, was auctioned on site by Elders B..
25-Nov-2016
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Homes are selling fast
Bendigo Weekly
The latest REIV data shows many regional Victorian towns are enjoying solid spring sales with improved days on market over the past month and strong improvement shown over the past year. With the majority of Victorian homes sold by private sale, the median number of days a home takes to sel..
18-Nov-2016
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