[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"global\u002Fnavigation\u002Fheader,global\u002Fnavigation\u002Ffooter":3,"our-industry\u002Fnews\u002Fcameron-kusher-july-2026":421},{"stories":4,"cv":418,"rels":419,"links":420},[5,373],{"name":6,"created_at":7,"published_at":8,"updated_at":9,"id":10,"uuid":11,"content":12,"slug":363,"full_slug":364,"sort_by_date":365,"position":366,"tag_list":367,"is_startpage":362,"parent_id":368,"meta_data":365,"group_id":369,"first_published_at":370,"release_id":365,"lang":371,"path":365,"alternates":372,"default_full_slug":365,"translated_slugs":365},"Header","2023-05-04T02:09:19.197Z","2026-07-02T01:58:40.578Z","2026-07-02T01:58:40.594Z",301939364,"d7698f10-3915-4ff7-ab42-8d5c26d2555b",{"_uid":13,"children":14,"component":355,"header_image":356},"4e51d86d-ea9c-4796-9f9d-cee4ae84dd29",[15,78,141,217,273,294,348],{"_uid":16,"link":17,"children":23,"component":28,"display_text":77},"4b507667-40ef-4965-9a4d-7bfdaf3f1765",{"id":18,"url":19,"linktype":20,"fieldtype":21,"cached_url":22},"9cef2adb-a6be-4d5f-93df-c8d73e0ed6be","","story","multilink","membership\u002F",[24,30,35,42,63],{"_uid":25,"link":26,"children":27,"component":28,"display_text":29},"cab095de-c64e-41ff-8dd4-7dcb2376b130",{"id":18,"url":19,"linktype":20,"fieldtype":21,"cached_url":22},[],"HeaderNavigationItem","Join The REIV",{"_uid":31,"link":32,"children":33,"component":28,"display_text":34},"8fb616e0-4754-45ea-a9e8-58f589ba0d6a",{"id":18,"url":19,"linktype":20,"fieldtype":21,"cached_url":22},[],"Member Benefits",{"_uid":36,"link":37,"children":40,"component":28,"display_text":41},"e20d9e41-3ffc-4dca-821c-3091dd930f3e",{"id":19,"url":38,"linktype":39,"fieldtype":21,"cached_url":38},"https:\u002F\u002Fmembers.reiv.com.au\u002F","url",[],"Manage My Membership",{"_uid":43,"link":44,"children":47,"component":28,"display_text":62},"f3554a33-02b4-4056-8fd3-5c92a7bf8b6a",{"id":45,"url":19,"linktype":20,"fieldtype":21,"cached_url":46},"bee8dcd7-d92b-497a-8952-d98bdeeb0144","membership\u002Fauctioneering-competitions\u002F",[48,55],{"_uid":49,"link":50,"children":53,"component":28,"display_text":54},"b781b86d-cab0-4bf9-9b6e-6c119119aca6",{"id":51,"url":19,"linktype":20,"fieldtype":21,"cached_url":52},"60737cfa-c054-4684-9a89-a59ba865363a","membership\u002Fauctioneering-competitions\u002Fnovice-auctioneering-competition",[],"Novice Auctioneering Competition",{"_uid":56,"link":57,"children":60,"component":28,"display_text":61},"9baf339d-5920-4837-9d86-5035034c232d",{"id":58,"url":19,"linktype":20,"fieldtype":21,"cached_url":59},"d144b6ba-bd40-47d6-8413-118abd78bbcf","membership\u002Fauctioneering-competitions\u002Fsenior-auctioneering-competition",[],"Senior Auctioneering Competition","Auctioneering Competitions",{"_uid":64,"link":65,"children":68,"component":28,"display_text":76},"9d842156-2c66-4a05-93a2-335cca8b5113",{"id":66,"url":19,"linktype":20,"fieldtype":21,"cached_url":67},"daeade5a-a760-4645-91ee-ccb86da6352b","membership\u002Freiv-awards\u002F",[69],{"_uid":70,"link":71,"children":74,"component":28,"display_text":75},"523137c9-d1cc-403d-8895-c3d5155d2522",{"id":72,"url":19,"linktype":20,"fieldtype":21,"cached_url":73},"82709fb2-8d89-4a5f-b053-e70aea17e0e8","membership\u002Fawards-and-competitions\u002Fawards-for-excellence",[],"Awards For Excellence","REIV Awards","Membership",{"_uid":79,"link":80,"children":83,"component":28,"display_text":140},"bfdb2785-1c59-4875-b783-1984a4fe7878",{"id":81,"url":19,"linktype":20,"fieldtype":21,"cached_url":82},"47e37721-b3db-40c9-a911-cfa1d156188a","our-industry\u002F",[84,126,133],{"_uid":85,"link":86,"children":89,"component":28,"display_text":125},"7853fbda-6461-4ba4-8b20-43560224e317",{"id":87,"url":19,"linktype":20,"fieldtype":21,"cached_url":88},"6fdb5b1c-ce88-424b-b33f-d2927b9d79c1","market-insights\u002F",[90,97,104,111,118],{"_uid":91,"link":92,"children":95,"component":28,"display_text":96},"92ec8a5d-8d40-4140-a754-a4323ca9d4a8",{"id":93,"url":19,"linktype":20,"fieldtype":21,"cached_url":94},"35e0a0f8-f84b-4cc6-ab89-7e64e93709cc","market-insights\u002Fauction-results",[],"Auction Results",{"_uid":98,"link":99,"children":102,"component":28,"display_text":103},"a6604ba8-8eb9-4d2c-8d75-a22571a87243",{"id":100,"url":19,"linktype":20,"fieldtype":21,"cached_url":101},"028db899-9dd2-47ed-aef2-9f31c1e1c0f6","market-insights\u002Fvictorian-insights",[],"Market Snapshot",{"_uid":105,"link":106,"children":109,"component":28,"display_text":110},"3e236a11-5190-4556-a84b-dbaabade4615",{"id":107,"url":19,"linktype":20,"fieldtype":21,"cached_url":108},"84382902-b336-4159-892a-3580864256ec","market-insights\u002Fsuburb-scout",[],"Suburb Scout",{"_uid":112,"link":113,"children":116,"component":28,"display_text":117},"35efe410-4d28-4145-8ba5-6718d73efee7",{"id":114,"url":19,"linktype":20,"fieldtype":21,"cached_url":115},"ebf4044f-9fcc-4ea6-b48b-b74f31ac10e6","market-insights\u002Fmember-resources\u002F",[],"Member Resources",{"_uid":119,"link":120,"children":123,"component":28,"display_text":124},"65324016-6725-4abb-9352-48e462aa34b5",{"id":121,"url":19,"linktype":20,"fieldtype":21,"cached_url":122},"b3fdcdac-77c2-4079-a7ea-447c253cfda3","market-insights\u002Fresearch-request",[],"Custom Research","Market Insights",{"_uid":127,"link":128,"children":131,"component":28,"display_text":132},"923fef07-bb38-4583-9865-847fc563d262",{"id":129,"url":19,"linktype":20,"fieldtype":21,"cached_url":130},"e865dd09-9556-4dbe-8f4f-edefc9e074b4","Library",[],"Resource Library",{"_uid":134,"link":135,"children":138,"component":28,"display_text":139},"7322d270-c298-4ffe-8171-4b0113bba035",{"id":136,"url":19,"linktype":20,"fieldtype":21,"cached_url":137},"6a9fd0cc-67d6-4a3f-bfa0-ae79940a1002","our-industry\u002Fnews\u002F",[],"News","Our Industry",{"_uid":142,"link":143,"children":146,"component":28,"display_text":216},"5ebe1c11-d934-4cae-88b6-7321353e4c61",{"id":144,"url":19,"linktype":20,"fieldtype":21,"cached_url":145},"c1706c90-0900-4eb1-b1e2-535b9d9f4d45","business-services\u002F",[147,154,161,167,174],{"_uid":148,"link":149,"children":152,"component":28,"display_text":153},"f9ac532f-7ec4-4ee9-8cc4-68137c0145c5",{"id":150,"url":19,"linktype":20,"fieldtype":21,"cached_url":151},"10e32356-126e-4bd1-b080-b7507f9254ff","business-services\u002Fvicforms\u002F",[],"VicForms",{"_uid":155,"link":156,"children":159,"component":28,"display_text":160},"aac1b225-3748-48c6-a05c-39618006a8a9",{"id":157,"url":19,"linktype":20,"fieldtype":21,"cached_url":158},"ce0dcd3e-0df3-40cb-87af-6ff44144fec3","business-services\u002Fproperty-data\u002F",[],"PropertyData",{"_uid":162,"link":163,"children":165,"component":28,"display_text":166},"a8a3b238-9975-40e5-b536-d407ae84d350",{"id":19,"url":164,"linktype":39,"fieldtype":21,"cached_url":164},"https:\u002F\u002Fmembers.reiv.com.au\u002Fshop",[],"REIV Shop",{"_uid":168,"link":169,"children":172,"component":28,"display_text":173},"e000d6a1-2a4d-4d9d-8cf7-5a81b6255c57",{"id":170,"url":19,"linktype":20,"fieldtype":21,"cached_url":171},"fb2f5dda-c7a2-4531-9648-b5d662c75cbd","business-services\u002Fvenue-booking",[],"Venue Booking",{"_uid":175,"link":176,"children":179,"component":28,"display_text":215},"d62b44dd-d0ce-4eb9-8fe7-6db3187837a6",{"id":177,"url":19,"linktype":20,"fieldtype":21,"cached_url":178},"79057a1d-3f77-43e1-8504-bdecbef1c406","business-services\u002Fmember-services\u002F",[180,187,194,201,208],{"_uid":181,"link":182,"children":185,"component":28,"display_text":186},"6129f824-13ff-4255-ba52-89f31ff57539",{"id":183,"url":19,"linktype":20,"fieldtype":21,"cached_url":184},"f95eab07-b11d-45e8-998d-cdd2a32c7659","business-services\u002Fmember-services\u002Finformation-guidance",[],"Information Officers",{"_uid":188,"link":189,"children":192,"component":28,"display_text":193},"8b5d5916-163c-4c22-9915-776c695bd003",{"id":190,"url":19,"linktype":20,"fieldtype":21,"cached_url":191},"96f6db1b-31c7-429c-b364-8473e91d8d20","business-services\u002Fmember-services\u002Faon-professional-indemnity-insurance",[],"Business Insurance",{"_uid":195,"link":196,"children":199,"component":28,"display_text":200},"82b2aa21-f4fe-4867-abf3-9ae338e84413",{"id":197,"url":19,"linktype":20,"fieldtype":21,"cached_url":198},"7e88737b-9c3a-458f-9264-e42187fb05bd","business-services\u002Fdata-analysis\u002F",[],"Data Analysis",{"_uid":202,"link":203,"children":206,"component":28,"display_text":207},"ee22d299-6775-450c-90f7-af4cee3b9a05",{"id":204,"url":19,"linktype":20,"fieldtype":21,"cached_url":205},"8ff1bd6e-e9a1-48ee-b690-bc7c5daa6ab0","business-services\u002Fappointments-by-the-reiv-president",[],"Appointments",{"_uid":209,"link":210,"children":213,"component":28,"display_text":214},"73179c47-06c3-47f3-abf8-cc9b5e2a5ed5",{"id":211,"url":19,"linktype":20,"fieldtype":21,"cached_url":212},"8f3fa131-ccc7-4fb1-b738-42b5c90f3d5a","business-services\u002Fmember-services\u002Flegal-advice",[],"Legal Advice","Member Services","Business Services",{"_uid":218,"link":219,"children":222,"component":28,"display_text":272},"3ad7bf4f-3016-44ed-a9aa-356de4b2806e",{"id":220,"url":19,"linktype":20,"fieldtype":21,"cached_url":221},"8f77445f-ed4f-436d-8d0c-e7d05fb35392","our-industry\u002Fadvocacy\u002F",[223,230,237,244,251,258,265],{"_uid":224,"link":225,"children":228,"component":28,"display_text":229},"4cdf7fc3-6a95-446a-a710-bd1b07d4a4d5",{"id":226,"url":19,"linktype":20,"fieldtype":21,"cached_url":227},"269c1df0-33f1-47e3-9645-fd3ec697d422","advocacy\u002Famlctf\u002F",[],"AML\u002FCTF",{"_uid":231,"link":232,"children":235,"component":28,"display_text":236},"79ef5a63-3757-4ffb-ae72-bf0bea37afcf",{"id":233,"url":19,"linktype":20,"fieldtype":21,"cached_url":234},"209b5bb1-9c34-4c90-a3a3-55761a2ccc6a","advocacy\u002Fhousing-statement\u002F",[],"Housing Statement",{"_uid":238,"link":239,"children":242,"component":28,"display_text":243},"99e0cee6-8684-4825-a0ea-537915dae823",{"id":240,"url":19,"linktype":20,"fieldtype":21,"cached_url":241},"76f8c20d-e9fd-42ab-9297-b17210c8a46f","advocacy\u002Fresidential-tenancies-act-1997",[],"Residential Tenancies Act 1997",{"_uid":245,"link":246,"children":249,"component":28,"display_text":250},"7758e1cf-9095-4262-a3af-c1f883c7ebf7",{"id":247,"url":19,"linktype":20,"fieldtype":21,"cached_url":248},"4f77fdd1-8d17-4573-965c-b8a1084637dd","advocacy\u002Festate-agents-act-1980",[],"Estate Agents Act 1980",{"_uid":252,"link":253,"children":256,"component":28,"display_text":257},"4bdb102c-c400-48a0-81e1-44eaabe5fe88",{"id":254,"url":19,"linktype":20,"fieldtype":21,"cached_url":255},"8e0eb1e6-612e-4bc8-ae4f-0048f5403bc1","advocacy\u002Fowners-corporation-act-2006",[],"Owners Corporation Act 2006",{"_uid":259,"link":260,"children":263,"component":28,"display_text":264},"e4275af7-0d6a-4d5f-80a4-a4378ae99323",{"id":261,"url":19,"linktype":20,"fieldtype":21,"cached_url":262},"0698873a-4c10-4793-bfc9-a9b2a259bcf9","advocacy\u002Fretail-leases-act-2003",[],"Retail Leases Act 2003",{"_uid":266,"link":267,"children":270,"component":28,"display_text":271},"0fa4bf8a-4315-43e2-8ab2-cd5f506a3c06",{"id":268,"url":19,"linktype":20,"fieldtype":21,"cached_url":269},"53972d41-429c-4482-abcf-6d7fb5366979","advocacy\u002Fsale-of-land-act-1962",[],"Sale of Land Act 1962","Advocacy",{"_uid":274,"link":275,"children":278,"component":28,"display_text":293},"e97e797a-c232-440b-b6f6-1a3b6ec1698c",{"id":276,"url":19,"linktype":20,"fieldtype":21,"cached_url":277},"7c4f90b6-ea3e-40a6-8f8e-00825bae7753","learning\u002F",[279,286],{"_uid":280,"link":281,"children":284,"component":28,"display_text":285},"e0aa2775-2e51-4d3d-802c-2217fb97651d",{"id":282,"url":19,"linktype":20,"fieldtype":21,"cached_url":283},"04ec9420-d3fd-4ae5-9f93-1f92747cdf16","learning\u002Fprofessional-development\u002Fupcoming-events",[],"Professional Development & Events",{"_uid":287,"link":288,"children":291,"component":28,"display_text":292},"d809d870-6d0a-4524-906b-907974a39098",{"id":289,"url":19,"linktype":20,"fieldtype":21,"cached_url":290},"467a4b6d-da39-47a8-98dc-a36ab8f23060","learning\u002Faccredited-training\u002Fstudent-information",[],"Student Information","Learning",{"_uid":295,"link":296,"children":299,"component":28,"display_text":347},"b0be0862-ce6b-404f-a178-61ec3c715415",{"id":297,"url":19,"linktype":20,"fieldtype":21,"cached_url":298},"90de689b-3442-4efa-bf46-9577ed01b306","about-us\u002F",[300,307,312,319,333,340],{"_uid":301,"link":302,"children":305,"component":28,"display_text":306},"e74edb06-3d0f-4c09-b3ca-9fac88e1c611",{"id":303,"url":19,"linktype":20,"fieldtype":21,"cached_url":304},"1b8d29c4-87e6-45c6-af63-f24b1000ae09","about-us\u002Fcontact-us",[],"Contact Us",{"_uid":308,"link":309,"children":310,"component":28,"display_text":311},"377bf913-c3a3-4404-8997-1d5820617f3c",{"id":297,"url":19,"linktype":20,"fieldtype":21,"cached_url":298},[],"The REIV Difference",{"_uid":313,"link":314,"children":317,"component":28,"display_text":318},"072b9b53-109a-4a53-b510-34d5543ed2c9",{"id":315,"url":19,"linktype":20,"fieldtype":21,"cached_url":316},"8d139993-330d-413a-a64a-5b652394ba7b","about-us\u002Fboard-ceo",[],"Board & CEO",{"_uid":320,"link":321,"children":324,"component":28,"display_text":332},"b37c0468-af3b-45e5-afc2-a00a169dcd85",{"id":322,"url":19,"linktype":20,"fieldtype":21,"cached_url":323},"891a11ad-e6e6-46a8-84bb-c1feaa814ce2","about-us\u002Fcorporate-governance",[325],{"_uid":326,"link":327,"children":330,"component":28,"display_text":331},"d7f88215-1488-4a5b-8ba6-80c4feec3033",{"id":328,"url":19,"linktype":20,"fieldtype":21,"cached_url":329},"8fde9eb8-4f09-4453-a489-4bde2de7dd0b","about-us\u002Fboard-elections-2025",[],"2025 Director Elections","Corporate Governance",{"_uid":334,"link":335,"children":338,"component":28,"display_text":339},"52d6535d-4583-4e28-acf2-f3d6e0c3db18",{"id":336,"url":19,"linktype":20,"fieldtype":21,"cached_url":337},"5d9026d8-fb03-4934-9197-e842481ba7ca","about-us\u002Fchapters-divisions",[],"Chapters & Divisions",{"_uid":341,"link":342,"children":345,"component":28,"display_text":346},"c51fdf49-20ea-40c3-ae54-fc84f6fd3949",{"id":343,"url":19,"linktype":20,"fieldtype":21,"cached_url":344},"fb59f595-a198-4e88-bd45-24f8a5964520","about-us\u002Four-partners",[],"Our Partners","About Us",{"_uid":349,"link":350,"children":353,"component":28,"display_text":354},"803ea000-5ea3-4358-8f3a-c7c31c9efb0f",{"id":351,"url":19,"linktype":20,"fieldtype":21,"cached_url":352},"79f60a80-8bc6-4b6c-b7ce-f3dd9a4a257d","choose-a-member\u002F",[],"Choose a Member","HeaderNavigationRoot",{"id":357,"alt":19,"name":19,"focus":19,"title":19,"source":19,"filename":358,"copyright":19,"fieldtype":359,"meta_data":360,"is_external_url":362},16579846,"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F224482\u002F200x155\u002F6655f1de55\u002Flogo_the-difference-rgb-200px.png","asset",{"size":361},"200x155",false,"header","global\u002Fnavigation\u002Fheader",null,10,[],301260140,"6cb01b84-7435-485a-930b-fe969f7d6dc4","2023-05-25T04:01:47.862Z","default",[],{"name":374,"created_at":375,"published_at":376,"updated_at":377,"id":378,"uuid":379,"content":380,"slug":412,"full_slug":413,"sort_by_date":365,"position":414,"tag_list":415,"is_startpage":362,"parent_id":368,"meta_data":365,"group_id":416,"first_published_at":370,"release_id":365,"lang":371,"path":365,"alternates":417,"default_full_slug":365,"translated_slugs":365},"Footer","2023-05-04T02:09:46.414Z","2024-07-23T00:41:52.091Z","2024-07-23T00:41:52.113Z",301939365,"3bcc0f09-90b0-43b1-bc49-3e8680dd1821",{"_uid":381,"component":382,"footer_text":383,"quick_links":384},"8649948c-ace0-42e8-9731-25c86b3ba951","FooterNavigationRoot","The Real Estate Institute of Victoria acknowledges the Traditional Custodians of the lands on which we work and pay our respects to their Elders past and present.",[385,391,397,403,409],{"_uid":386,"link":387,"component":389,"display_text":390},"f984820b-27fd-4914-b034-a587be93f75c",{"id":289,"url":19,"linktype":20,"fieldtype":21,"cached_url":388},"learning\u002Fqualifications\u002Fstudent-information","FooterNavigationItem","RTO ID 4042",{"_uid":392,"link":393,"component":389,"display_text":396},"877d5902-222a-4dec-b651-f86f41946b50",{"id":394,"url":19,"linktype":20,"fieldtype":21,"cached_url":395},"c6ffb1ce-b12d-4a34-8622-e3bc1ede4221","terms-policies\u002Fprivacy-policy","Privacy Policy",{"_uid":398,"link":399,"component":389,"display_text":402},"e5d515bc-8e58-4e3d-83ef-367142257c2a",{"id":400,"url":19,"linktype":20,"fieldtype":21,"cached_url":401},"73d604f1-4154-49ac-aeb3-3cf77c500582","about-choose-a-member","About Choose a Member",{"_uid":404,"link":405,"component":389,"display_text":408},"c179ed1a-1079-4992-b8f3-512790dac256",{"id":406,"url":19,"linktype":20,"fieldtype":21,"cached_url":407},"0227ac42-a204-442c-8912-fd723283ca81","terms-policies\u002Fterms-conditions","Terms and Conditions",{"_uid":410,"link":411,"component":389,"display_text":132},"02c2c53e-e997-4c4e-8db9-fafc4e065554",{"id":129,"url":19,"linktype":20,"fieldtype":21,"cached_url":130},"footer","global\u002Fnavigation\u002Ffooter",20,[],"bfe09596-0044-4703-8639-c1a8e3afc9b5",[],1784685376,[],[],{"story":422,"cv":418,"rels":932,"links":933},{"name":423,"created_at":424,"published_at":425,"updated_at":426,"id":427,"uuid":428,"content":429,"slug":925,"full_slug":926,"sort_by_date":365,"position":927,"tag_list":924,"is_startpage":362,"parent_id":928,"meta_data":365,"group_id":929,"first_published_at":930,"release_id":365,"lang":371,"path":365,"alternates":931,"default_full_slug":365,"translated_slugs":365},"Cameron Kusher - July 2026","2026-07-22T01:19:18.967Z","2026-07-22T01:56:16.321Z","2026-07-22T01:56:16.339Z",200677617576193,"e4ec7cfe-c352-4b37-aa3c-8a2b1ce81f35",{"_uid":430,"body":431,"title":919,"noindex":362,"ogimage":920,"snippet":922,"component":923,"tag_list":924},"3f3ad078-bc27-44bb-8558-6c17eeb0b6bb",[432],{"_uid":433,"content":434,"component":917,"bottom_spacing":918},"06a240af-0864-4e63-9dad-ee5bbb9ad459",{"type":435,"content":436},"doc",[437,451,460,468,476,485,493,501,509,517,525,533,541,550,558,566,574,582,590,598,607,615,623,631,639,647,656,664,672,680,688,696,705,713,721,729,737,747,756,764,772,780,788,796,804,812,821,829,837,845,853,861,876,887,889,896,907,912],{"type":438,"attrs":439,"content":441},"heading",{"level":440,"textAlign":365},3,[442],{"text":443,"type":444,"marks":445},"July 2026 column","text",[446,449],{"type":447,"attrs":448},"textStyle",{"color":19},{"type":450},"bold",{"type":452,"attrs":453,"content":454},"paragraph",{"textAlign":365},[455],{"text":456,"type":444,"marks":457},"The latest REIV data shows that price growth continues to stall, properties are taking longer to sell, rents are continuing to rise at a moderate pace, and vacancy rates remain relatively elevated. Over the past month we’ve also seen new data on dwelling commencements, dwelling completions and dwellings under construction.",[458],{"type":447,"attrs":459},{"color":19},{"type":452,"attrs":461,"content":462},{"textAlign":365},[463],{"text":464,"type":444,"marks":465},"We’ve also seen the federal government’s proposed changes to negative gearing and the capital gains tax now legislated.",[466],{"type":447,"attrs":467},{"color":19},{"type":452,"attrs":469,"content":470},{"textAlign":365},[471],{"text":472,"type":444,"marks":473},"Let’s look at the key data over the past month.",[474],{"type":447,"attrs":475},{"color":19},{"type":452,"attrs":477,"content":478},{"textAlign":365},[479],{"text":480,"type":444,"marks":481},"Inflation remains elevated — headline growth slowed but underlying inflation’s growth accelerated",[482,484],{"type":447,"attrs":483},{"color":19},{"type":450},{"type":452,"attrs":486,"content":487},{"textAlign":365},[488],{"text":489,"type":444,"marks":490},"The May 2026 inflation data found that headline inflation was 0.7 per cent lower over the month but it was still well above the 2.5 per cent annual target, rising 4.0 per cent over the year. The RBA’s preferred measure of underlying inflation saw an acceleration in monthly and annual growth, 0.4 per cent and 3.6 per cent higher respectively.",[491],{"type":447,"attrs":492},{"color":19},{"type":452,"attrs":494,"content":495},{"textAlign":365},[496],{"text":497,"type":444,"marks":498},"Both headline and underlying inflation remain well above the target range which means the risk of higher interest rates, especially if growth accelerates, remains.",[499],{"type":447,"attrs":500},{"color":19},{"type":452,"attrs":502,"content":503},{"textAlign":365},[504],{"text":505,"type":444,"marks":506},"The housing group recorded a monthly increase of 0.4 per cent which was its largest rise in three months and was 6.5 per cent higher, up from 6.3 per cent the previous month.",[507],{"type":447,"attrs":508},{"color":19},{"type":452,"attrs":510,"content":511},{"textAlign":365},[512],{"text":513,"type":444,"marks":514},"For Melbourne specifically, inflation fell 0.9 per cent over the month, the largest fall of any capital city, and inflation was 3.5 per cent over the 12 months to May 2026. This was the lowest annual inflation of any capital city and Melbourne’s lowest annual rate of inflation in three months.",[515],{"type":447,"attrs":516},{"color":19},{"type":452,"attrs":518,"content":519},{"textAlign":365},[520],{"text":521,"type":444,"marks":522},"Although inflation moderated over the month, a lot of this can be attributed to a large fall in automotive fuel and subsequently transport costs. The federal government has extended the cut to the fuel excise but when it expires you would expect these costs to rise by as much if not more.",[523],{"type":447,"attrs":524},{"color":19},{"type":452,"attrs":526,"content":527},{"textAlign":365},[528],{"text":529,"type":444,"marks":530},"High inflation makes everything more expensive and subsequently reduces your borrowing power, especially when wages aren’t growing at the same pace. It also leads to interest rates being higher for longer, reducing borrowing capacity and making it more difficult for those renting to save for a home deposit.",[531],{"type":447,"attrs":532},{"color":19},{"type":452,"attrs":534,"content":535},{"textAlign":365},[536],{"text":537,"type":444,"marks":538},"Higher inflation and higher interest rates subsequently tend to result in reduced demand for housing, making it more difficult to sell and reducing the urgency to purchase for those buyers active in the market.",[539],{"type":447,"attrs":540},{"color":19},{"type":452,"attrs":542,"content":543},{"textAlign":365},[544],{"text":545,"type":444,"marks":546},"Dwelling commencements and completions in Victoria rise, but remain well below previous highs",[547,549],{"type":447,"attrs":548},{"color":19},{"type":450},{"type":452,"attrs":551,"content":552},{"textAlign":365},[553],{"text":554,"type":444,"marks":555},"The latest data from ABS for the March 2026 quarter found that in Victoria there were 13,972 dwellings commenced which was the strongest result in the past three quarters. Commencements were 2.8 per cent higher over the quarter but they were 9.4 per cent lower than over the same quarter last year.",[556],{"type":447,"attrs":557},{"color":19},{"type":452,"attrs":559,"content":560},{"textAlign":365},[561],{"text":562,"type":444,"marks":563},"Over the March 2026 quarter, there were 14,519 dwellings completed in Victoria which was the highest volume of completions since September 2024, which was also the first quarter of the Housing Accord. Completions were 4.5 per cent higher over the quarter and 4.0 per cent higher than the same quarter last year.",[564],{"type":447,"attrs":565},{"color":19},{"type":452,"attrs":567,"content":568},{"textAlign":365},[569],{"text":570,"type":444,"marks":571},"By the end of the quarter there were 61,641 dwellings under construction throughout the state which was slightly higher over the quarter and marginally more than a year ago.",[572],{"type":447,"attrs":573},{"color":19},{"type":452,"attrs":575,"content":576},{"textAlign":365},[577],{"text":578,"type":444,"marks":579},"While there is a high volume of stock under construction, most of it is other residential dwellings (units, apartments, townhouses) which will take much longer to complete than detached houses.",[580],{"type":447,"attrs":581},{"color":19},{"type":452,"attrs":583,"content":584},{"textAlign":365},[585],{"text":586,"type":444,"marks":587},"The high volume of stock under construction may result in higher completions over the quarter but broader economic conditions of high inflation, high interest rates, a less attractive investment environment and construction costs rising again, will likely see fewer commencements over the coming quarters.",[588],{"type":447,"attrs":589},{"color":19},{"type":452,"attrs":591,"content":592},{"textAlign":365},[593],{"text":594,"type":444,"marks":595},"This will mean that the deficiency of supply will grow and the impacts are likely over the shorter term to be felt in the rental market.",[596],{"type":447,"attrs":597},{"color":19},{"type":452,"attrs":599,"content":600},{"textAlign":365},[601],{"text":602,"type":444,"marks":603},"Prices rise throughout Victoria in June at a slow pace",[604,606],{"type":447,"attrs":605},{"color":19},{"type":450},{"type":452,"attrs":608,"content":609},{"textAlign":365},[610],{"text":611,"type":444,"marks":612},"The latest REIV data has found that in June 2026 the median Melbourne house price was $966,000. The median house price increased by 0.1 per cent over the month and was 5.0 per cent higher over the past year.",[613],{"type":447,"attrs":614},{"color":19},{"type":452,"attrs":616,"content":617},{"textAlign":365},[618],{"text":619,"type":444,"marks":620},"The median unit price in Melbourne was $650,000 in June 2026 and it has increased by 0.1 per cent over the month and by 3.8 per cent over the past 12 months.",[621],{"type":447,"attrs":622},{"color":19},{"type":452,"attrs":624,"content":625},{"textAlign":365},[626],{"text":627,"type":444,"marks":628},"Growth in both house and unit prices in Melbourne remains much more subdued than growth in the other capital cities. This is despite the fact that growth in prices over recent years has dramatically underperformed those other cities. This is making Melbourne look more attractive from an affordability perspective, but a weak economy and a high volume of stock continue to weigh on the city’s performance relative to these other markets.",[629],{"type":447,"attrs":630},{"color":19},{"type":452,"attrs":632,"content":633},{"textAlign":365},[634],{"text":635,"type":444,"marks":636},"The median house price in regional Victoria is $651,000 with the price having increased by 0.2 per cent over the month and 8.3 per cent over the past year. The median unit price in regional Victoria has increased by 1.1 per cent over the month and by 9.5 per cent over the year to reach $460,000.",[637],{"type":447,"attrs":638},{"color":19},{"type":452,"attrs":640,"content":641},{"textAlign":365},[642],{"text":643,"type":444,"marks":644},"The regional market continues to see stronger price growth than Melbourne fuelled by stronger affordability, better rental returns and a relatively lower volume of stock available for sale.",[645],{"type":447,"attrs":646},{"color":19},{"type":452,"attrs":648,"content":649},{"textAlign":365},[650],{"text":651,"type":444,"marks":652},"Melbourne properties taking longer to sell but properties are selling quicker in the regions",[653,655],{"type":447,"attrs":654},{"color":19},{"type":450},{"type":452,"attrs":657,"content":658},{"textAlign":365},[659],{"text":660,"type":444,"marks":661},"In Melbourne private sales are taking longer than they were a year ago. In June 2026, the median days on market for a private sale in Melbourne was 42 days, up from 39 days both the previous month and a year earlier.",[662],{"type":447,"attrs":663},{"color":19},{"type":452,"attrs":665,"content":666},{"textAlign":365},[667],{"text":668,"type":444,"marks":669},"Interestingly, in the middle ring of Melbourne days on market has fallen relative to a year ago and the inner suburbs are only seeing a minor increase. Conversely the more affordable outer market, where demand has tended to be stronger due to lower prices, has both the longest days on market and has seen the largest increase over the past year.",[670],{"type":447,"attrs":671},{"color":19},{"type":452,"attrs":673,"content":674},{"textAlign":365},[675],{"text":676,"type":444,"marks":677},"In regional Victoria, the median days on market in June 2026 was 51 days which was unchanged from the previous month but much lower than the 63 days in June 2025.",[678],{"type":447,"attrs":679},{"color":19},{"type":452,"attrs":681,"content":682},{"textAlign":365},[683],{"text":684,"type":444,"marks":685},"For buyers in Melbourne, less competition and a high volume of stock to choose from is seeing purchasers have less urgency, resulting in an increase in days on market. I expect we could see further increases in this figure over the coming months. In regional Victoria I expect fairly steady days on market.",[686],{"type":447,"attrs":687},{"color":19},{"type":452,"attrs":689,"content":690},{"textAlign":365},[691],{"text":692,"type":444,"marks":693},"For sellers, the higher days on market in Melbourne really highlights the importance of getting your pricing right and finding ways to make your property stand out. There’s lots of competition and fewer buyers and those buyers are being a lot more selective. So, you need to make the home as appealing as possible both from a price and presentation perspective.",[694],{"type":447,"attrs":695},{"color":19},{"type":452,"attrs":697,"content":698},{"textAlign":365},[699],{"text":700,"type":444,"marks":701},"Rents are still rising but at a much slower pace in Melbourne than in regional areas",[702,704],{"type":447,"attrs":703},{"color":19},{"type":450},{"type":452,"attrs":706,"content":707},{"textAlign":365},[708],{"text":709,"type":444,"marks":710},"Much like property prices, the cost of renting in Melbourne is relatively lower than other capital cities due to weaker rental growth and higher rental vacancy rates over recent years.",[711],{"type":447,"attrs":712},{"color":19},{"type":452,"attrs":714,"content":715},{"textAlign":365},[716],{"text":717,"type":444,"marks":718},"The median house rent in Melbourne in June 2026 was $595 per week and the median unit rent was $600 per week. House rents were 0.8 per cent higher over the month and 2.6 per cent higher over the year whilst unit rents were unchanged over the month and 3.4 per cent higher over the year.",[719],{"type":447,"attrs":720},{"color":19},{"type":452,"attrs":722,"content":723},{"textAlign":365},[724],{"text":725,"type":444,"marks":726},"With a rental vacancy rate of 2.7 per cent compared to 2.5 per cent a year ago, vacancy rates are marginally higher over the year and relatively higher than in other capital cities.",[727],{"type":447,"attrs":728},{"color":19},{"type":452,"attrs":730,"content":731},{"textAlign":365},[732],{"text":733,"type":444,"marks":734},"In regional Victoria, the median house rent is $525 per week and had increased by 1.0 per cent over the month and 6.1 per cent over the year. Regional units have seen rents increase by 2.4 per cent for the month and 7.5 per cent for the year to reach $430 per week.",[735],{"type":447,"attrs":736},{"color":19},{"type":452,"attrs":738,"content":739},{"textAlign":365},[740,745],{"text":741,"type":444,"marks":742},"Regional rental vacancies appear to be heading higher which is something to monitor and could lead to lower growth in rents. The rental vacancy rate in regional Victoria was still lower than in Melbourne at 2.4 per cent, but it is up from 1.9 per cent a year ago",[743],{"type":447,"attrs":744},{"color":19},{"text":746,"type":444},".",{"type":452,"attrs":748,"content":749},{"textAlign":365},[750],{"text":751,"type":444,"marks":752},"New listings in Melbourne fall but total listings remain elevated",[753,755],{"type":447,"attrs":754},{"color":19},{"type":450},{"type":452,"attrs":757,"content":758},{"textAlign":365},[759],{"text":760,"type":444,"marks":761},"According to data from SQM Research, in June 2026 there were 15,862 newly listed properties for sale in Melbourne. This was a 20.1 per cent monthly fall in new listings; however, relative to June 2025 they were 13.3 per cent higher, highlighting a relatively high volume of properties are still coming to the market.",[762],{"type":447,"attrs":763},{"color":19},{"type":452,"attrs":765,"content":766},{"textAlign":365},[767],{"text":768,"type":444,"marks":769},"The slowdown in new listings is seasonal but it is very telling how much higher new listings are relative to the same time last year.",[770],{"type":447,"attrs":771},{"color":19},{"type":452,"attrs":773,"content":774},{"textAlign":365},[775],{"text":776,"type":444,"marks":777},"With fewer new listings, there were 44,044 total property listings in June 2026 which was 6.1 per cent lower over the month but it was 19.6 per cent higher than the number in June 2025 when there were 36,836 properties for sale.",[778],{"type":447,"attrs":779},{"color":19},{"type":452,"attrs":781,"content":782},{"textAlign":365},[783],{"text":784,"type":444,"marks":785},"Not only is the annual increase in total listings large, it was the largest increase of any capital city highlighting just how much more stock is for sale.",[786],{"type":447,"attrs":787},{"color":19},{"type":452,"attrs":789,"content":790},{"textAlign":365},[791],{"text":792,"type":444,"marks":793},"Melbourne continues to see a relatively high volume of new listings coming to the market and high total properties for sale both relative to other capital cities and relative to historic volumes for the city.",[794],{"type":447,"attrs":795},{"color":19},{"type":452,"attrs":797,"content":798},{"textAlign":365},[799],{"text":800,"type":444,"marks":801},"The ongoing high volume of stock for sale is a major contributor to the relatively weaker price growth and subsequent improving affordability in the city.",[802],{"type":447,"attrs":803},{"color":19},{"type":452,"attrs":805,"content":806},{"textAlign":365},[807],{"text":808,"type":444,"marks":809},"Properties are still selling, highlighted by the fall in total listings, but there is a lot for buyers to choose from and fewer active buyers in the market. This means that making your property stand out is both incredibly important and difficult to do in this market.",[810],{"type":447,"attrs":811},{"color":19},{"type":452,"attrs":813,"content":814},{"textAlign":365},[815],{"text":816,"type":444,"marks":817},"Final thoughts",[818,820],{"type":447,"attrs":819},{"color":19},{"type":450},{"type":452,"attrs":822,"content":823},{"textAlign":365},[824],{"text":825,"type":444,"marks":826},"Victoria continues to see weaker growth in prices and rents and lower costs to purchase and rent than other states and territories. Depending on your perspective this could be a good or a bad thing.",[827],{"type":447,"attrs":828},{"color":19},{"type":452,"attrs":830,"content":831},{"textAlign":365},[832],{"text":833,"type":444,"marks":834},"The good is that shelter is relatively cheaper for renters and those wanting to buy. The bad is that home owners haven’t seen much increase in the value of their largest asset over recent years.",[835],{"type":447,"attrs":836},{"color":19},{"type":452,"attrs":838,"content":839},{"textAlign":365},[840],{"text":841,"type":444,"marks":842},"Buyers have a lot of choice in this market so getting them to actually execute on a sale is a challenge and the new taxes on investors will make this even more difficult as it is likely to lower overall housing demand.",[843],{"type":447,"attrs":844},{"color":19},{"type":452,"attrs":846,"content":847},{"textAlign":365},[848],{"text":849,"type":444,"marks":850},"If you’re looking to sell, conditions are likely to be challenging with fewer buyers and more competing stock. Setting the price correctly from the outset and having a high-quality marketing campaign that sets you apart from the competition is vital.",[851],{"type":447,"attrs":852},{"color":19},{"type":452,"attrs":854,"content":855},{"textAlign":365},[856],{"text":857,"type":444,"marks":858},"If you’re looking to buy, there’s a lot of stock for sale and less competition. This is likely to put you in the driver’s seat with negotiations. But keep in mind, high-quality stock that is well-priced is still likely to see demand and can still be sold quickly.",[859],{"type":447,"attrs":860},{"color":19},{"type":452,"attrs":862,"content":863},{"textAlign":365},[864],{"text":865,"type":444,"marks":866},"View the Monthly Columns",[867,872],{"type":868,"attrs":869},"link",{"href":870,"uuid":365,"anchor":365,"target":871,"linktype":39},"https:\u002F\u002Freiv.com.au\u002Fmarket-insights\u002Fmember-resources\u002Fmonthly-column-with-cameron-kusher","_blank",{"type":873,"attrs":874},"styled",{"class":875},"button button--solid",{"type":452,"attrs":877,"content":878},{"textAlign":365},[879],{"text":880,"type":444,"marks":881},"Download the PDF Report",[882,885],{"type":868,"attrs":883},{"href":884,"uuid":365,"anchor":365,"target":871,"linktype":39},"https:\u002F\u002Freiv.com.au\u002Fdownload\u002Ff\u002F224482\u002Fx\u002F2a88fb9b2e\u002Fcameron-kusher-july-2026.pdf",{"type":873,"attrs":886},{"class":875},{"type":888},"horizontal_rule",{"type":452,"attrs":890,"content":891},{"textAlign":365},[892],{"text":893,"type":444,"marks":894},"About Cameron Kusher",[895],{"type":450},{"type":452,"attrs":897,"content":898},{"textAlign":365},[899,905],{"type":900,"attrs":901},"image",{"id":902,"alt":19,"src":903,"title":19,"source":19,"copyright":19,"meta_data":904},91696844928926,"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F224482\u002F180x180\u002Fef4d1bdac8\u002Fcameron-kusher.png",{},{"text":906,"type":444},"Over the last 20 years Cameron has worked as a property researcher for major businesses such as PRDnationwide, CoreLogic (now Cotality) and REA Group.",{"type":452,"attrs":908,"content":909},{"textAlign":365},[910],{"text":911,"type":444},"Cameron spent 12 years at CoreLogic as the Head of Research for Australia and 5.5 years at REA Group as the Director of Economic Research. Over the past 17 years he has become a well-regarded thought-leader on the residential property market and delivered thousands of presentations to the industry, customers and consumers.",{"type":452,"attrs":913,"content":914},{"textAlign":365},[915],{"text":916,"type":444},"He is passionate about taking complex economic and property insights and making them easy for anyone to understand, free of the jargon that most economic and property presentations tend to contain.","TextContent","small","Victoria sees weaker growth and remains more affordable than other states",{"id":365,"alt":365,"name":19,"focus":365,"title":365,"source":365,"filename":19,"copyright":365,"fieldtype":359,"meta_data":921},{},"July 2026 Column by Cameron Kusher","NewsDetail",[],"cameron-kusher-july-2026","our-industry\u002Fnews\u002Fcameron-kusher-july-2026",-8640,376271414,"31c4eef0-685a-4614-bb27-f6296fba3b74","2026-07-22T01:34:24.309Z",[],[],[]]