Real Estate News

Renovate or relocate? Home owners and buyers frequently discuss the question of whether to renovate or simply move when their home is no longer meeting their needs. These are often difficult questions to weigh up, after all both require a considerable degree of effort, disruption and oft..

The number of vacant rental homes in Victoria reduced over the March quarter leading to a small rise in median asking rents. In Melbourne the vacancy rate was 3.6 per cent in January and by March it had reduced to 2.8 per cent, translating to an increase in asking rents of 3.7 per cent from $381..

Many people can’t afford to buy a new home until they sell their current one. Selling and buying at the same time has its advantageous but can also be stressful as you not only need to successfully sell, but also locate and successfully purchase. From a cash flow perspective it can be ..

The REIV has released its rental data for November and it shows the vacancy rate for Victoria has increased from 1.9 to 2 per cent with Melbourne’s increasing from 1.9 to 2.2 per cent and a mild tightening in Regional Victoria from 2 to 1.8 per cent. Whilst this is an improvement for those..

There are standard rules for the conduct of auctions in Victoria and they must be made available at least 30 minutes before the scheduled commencement time at the location the auction will be held. There are a number of standard rules and the ones to be used depend if there more than one ven..

NATIONAL media attention is making Bendigo a more attractive city to buy property in, according to a local real estate agent. Craig Webster is Bendigo’s newest agent, setting up Webster Real Estate a couple of months ago. He said he has noticed a distinct increase in property inquiries sin..

The state government has announced a review of Section 32 of the Sale of Land Act. The Section 32, also known as the ‘Vendor’s Statement’, is a document that discloses a range of matters that affect the sale of land and must be disclosed to potential purchasers...

By ANTHONY RADFORD AN online Bendigo property show has given locals a rare look inside the city’s grandest property. The Bendigo Homes and Property Show on Bendigo IPTv has gained exclusive video access inside Fortuna. The 7.57 hectare property is on the market, and agent Matt Leonard..

It was a special, rather glamorous night for Josie Stewart last month when she was selected as one of the three state finalists in the Property Manager of the Year – Principal Category. The REIV Excellence Awards were held at the Crown Palladium Ballroom where 1200 people were in attendance...

In October the rental market remained stable in Victoria in terms of the level of vacancies and rents charged. The vacancy rate for Victoria was 1.9 per cent compared to 2 per cent in September. In Melbourne the vacancy rate was also 1.9 per cent, slightly lower than the 2 per cent recorded in S..

The REIV September quarter medians show that the residential housing market continues to remain stable, with a median house price in Melbourne of $530,000 compared to the revised June quarter median of $525,000. In regional Victoria the median house price was also stable, with a minor 0.7 per cent i..

CAMPBELL'S CREEK Bennetts Estate Maher Real Estate Tom Maher 5444 3312/0408 910 497 Price From $115,000 Inspect By appointment MAHER Real Estate is proud to announce a brand new residential subdivision in one of Central Victoria’s most desirable locations. ..

BENDIGO’S newest real estate agency is up and running, and now open for business. Webster Real Estate took over the former Country Cakes building at 36 Mitchell Street this week following some extensive works. Owner Craig Webster has been working for one of Bendigo’s premier ..

When marketing a property for sale an estate agent will recommend a range of options depending on the property, location and method of sale. As advertising is an outgoing that is paid for by the vendor, it is advisable to have an understanding of the options. The most cost-effective advertis..

The REIV 2012 March quarter median prices show that regional Victoria property prices have remained flat over the quarter and year. The median house price in regional Victoria was $314,000, representing a minor increase of 1.3 per cent from a revised December quarter median of $310,000. Thi..

The REIV has released its State Budget submission for 2012–13, highlighting a need to continue state-based tax reform, assist first home buyers and reduce taxes to promote investment in Victoria. REIV CEO Enzo Raimondo said that, with stamp duty revenues reducing..

The most recent data about the cost of rental accommodation has revealed a substantial decline in the provision of affordable rental accommodation throughout Victoria. This has occurred at the same time as our experiencing the most substantial shortage of rental accommodation in the last few dec..

Three of Bendigo’s suburbs are in the top-20 Australian suburbs to record the biggest increases in median house prices last year. Data compiled by property analysts RP Data shows Kangaroo Flat (15th), Golden Square (17th) and Bendigo (19th) all recording above-average rises in median h..

Many specific terms are used when analysing and commenting on the property market. Having an understanding of these terms is important for anyone who is looking to enter the property market as a tenant, owner–occupier or investor. One frequently used term is ‘median&rsqu..

The REIV 2011 December quarter median prices confirm that house prices across regional Victoria remained relatively stable over the quarter. The median price of a house in regional Victoria rose by 0.8 per cent to $312,500 from $310,000 in the September quarter. Of the three main regional ce..