The Andrews Labor Government 2018-19 Budget unveiled this week has failed to deliver any tangible tax relief to property purchasers or investors.
Median house price in Middle Melbourne exceeded seven figures for the first time, while median house prices across the city rose again in the three months ended 31 March.
Buyers looking to enter Melbourne’s most exclusive suburbs can save millions by purchasing an apartment or unit rather than a house, new REIV data shows.
The Real Estate Institute of Victoria has announced the appointment of commercial lawyer Brian Ward as an additional, non-executive Director.
Homes located within the catchment for some of Melbourne’s best public schools are achieving six-figure premiums, compared to neighbouring properties which fall just outside the zone.
Bridesmaid suburbs bordering some of Melbourne’s most exclusive neighbourhoods are offering buyers the opportunity to purchase a house for a fraction of their median price.
Increased market participation by owner-occupiers has boosted the price of larger homes across the city.
A record number of sales under the hammer has delivered Melbourne’s strongest property market in seven years, despite modest growth in median prices in the last three months of 2017.
Price growth has been widespread across Melbourne in recent years; however the city’s west and north continue to offer affordability.
While Melbourne’s property market experienced strong price growth in 2017, new REIV data reveals there are still affordable opportunities within 20km of the CBD.