Buyers are often encouraged to purchase the worst house in the best street, but new REIV data suggests the postcode may be worth more than the street name – up to $836,000 more to be exact.
While it’s a known fact that bathrooms and kitchens sell homes, new REIV data shows a second bathroom is adding six-figures to the sale price in a number of municipalities.
A recent ruling of the Victorian County Court has called into question the short form rebate statement approved and published by the Director of Consumer Affairs Victoria.
Homes zoned for some of Melbourne’s top performing public schools are delivering six-figure dividends for property owners, compared to neighbouring homes outside the catchment.
New long-term residential tenancy legislation does not provide adequate protections for landlords and will place their investments at risk, the Real Estate Institute of Victoria has warned.
Inner city bayside areas are more expensive by the square metre than homes in the opulent suburb of Toorak, new REIV data shows.
Large homes in Melbourne’s bridesmaid suburbs were standout performers in the June quarter, with demand for space driving buyers further from the city.
An important vendor right to object to the disclosure of their home’s sale price has been eroded by the new underquoting legislation, the Real Estate Institute of Victoria said today.
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter.
Melbourne’s reputation as the auction capital of the world remains intact with a record number of homes going to auction and selling under the hammer in 2017.