Beach bargains are just a fairy story
CASHED-UP Melburnians keen to snatch beachfront holiday homes for a song from struggling vendors may be in for a big disappointment.
Plunging average prices for regional seaside homes don’t tell the full story.
Valuer-General Victoria sales figures released this month by Land Victoria show median house prices rose in a third of seaside towns!
From the [...]
Melbourne auction market clearance rate peaks
Of the 452 properties up for auction, 83 per cent sold and 77 properties were passed in!
But the number of properties for auction was 126 fewer than at the same time last year!
Real Estate Institute of Victoria CEO Enzo Raimondo attributed the high clearance rate to the extension of the first-home buyers grant [...]
First homebuyers improve rental vacancy rates
Melbourne’s outer suburb vacancy rates have improved from 0.7 per cent to 1.8 per cent in the past six months, according to the Real Estate Institute of Victoria’s April vacancy rates.
The vacancy rate across Melbourne is reasonably steady having been between one and 1.4 per cent for 12 months. However it‘s significant that there’s a [...]
Commercial building holds up
The value of commercial building permits in Victoria increased in the March quarter, despite a fall in the state’s building industry overall.
Building Commissioner Tony Arnel says that when compared to the same period in 2008, the value of building permits in the state has decreased by 11 per cent to reach below $4.2 billion!
When [...]
Top growth performing suburbs!!
RP Data released its top price growth suburbs, recording the greatest increase in median house and unit prices during the 12 months to December 2008.
North Sydney suburbs were the standout performers for both houses and units with median house prices appreciating 47.4 per cent in McMahons Point and unit prices growing 49.8 per cent in [...]