Victorian property market holds firm in the face of Covid-19. 

Residential prices     Rental Market 
Buy, Sell or Lease with Safety Measures

The Victorian property market is gradually re-opening with strict safety measures in place. There are limits in place on the number of people and conditions within which appraisals, inspections and auctions can be conducted. While real estate offices are not open yet, REIV Members are well prepared to support you in your property move. Please refer to your Agent for details. 
Please note: Potential buyers or tenants are not permitted to travel between regional Victoria and Metro Melbourne for inspections or auctions. 


Residential Prices

The Victorian property market is resilient and this is evident in the price performance over recent months. While the pandemic has impacted transaction volumes in Victoria, property prices have held steady. The September 2020 quarter median price for homes in metropolitan Melbourne remained steady and regional Victoria recorded new historical benchmark for its median house price. Details below.

 



 

Monitor the Residential Market Index (RMX) to understand price movements weekly or ​review the latest release of median price and rents for September Quarter 2020.


Rental Market

House rents in both metropolitan Melbourne and regional Victoria have performed well, consistently growing over the quarter and the year. Weekly rents for units and apartments fell slightly in the metro area, but had a solid performance for regional Victoria, which increased over the year by 7.4%.



 

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Member Resources

Members can access helpful reports and resources including the latest quarterly median price release, monthly research bulletin and LGA snapshots.

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Join the REIV

Established in 1936, the Real Estate Institute of Victoria (REIV) is the peak representative body for real estate professionals in Victoria.

Over 80 per cent of real estate agencies in Victoria have chosen to be members of the REIV. Your Institute, Your opportunity.

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Latest news from the REIV

Vic homes snapped up quicker

November 20 2020

The latest Days on Market data (October 2020) from the Real Estate Institute of Victoria revealed that the average Victorian home is spending just 33 days on the market before being sold, the lowest recorded since 2009.

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Real estate winners crowned online

October 22 2020

Some of Victoria’s most outstanding real estate talent was crowned tonight, with the 2020  REIV Awards for Excellence and Commercial & Industrial Marketing Awards.

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REIV welcomes higher training standards

October 21 2020

The Victorian Government has responded to prolonged lobbying from the Real Estate Institute of Victoria to lift minimum training requirements to work in the real estate sector.

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