Real Estate News

REIV Regional Roundup - March 2, 2016
Bendigo Weekly
Regional Victoria is proving to be a solid investment for property buyers with rental yields outstripping Melbourne in the three months to December 31. New REIV data shows the gross rental yield for a two-bedroom house in regional Victoria was 5.2 per cent in the December quarter – signif..
04-Mar-2016
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Underquoting changes ‘a significant step forward for the industry’: REIV
Bendigo Weekly
Changes to price quoting announced by the Government today are a significant step forward and bring transparency and consistency to property transactions, the Real Estate Institute of Victoria said today. REIV CEO Enzo Raimondo said that the changes would greatly benefit those looking to buy re..
04-Mar-2016
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Price quoting top of mind: REIV
Bendigo Weekly
The REIV is embarking on a comprehensive consultation process with members in a bid to address underquoting, CEO Enzo Raimondo said today. Mr Raimondo said the Institute will gain valuable input from members on a suitable outcome which will drive industry-wide change and best serve the interes..
15-Feb-2016
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Time to pay
Bendigo Weekly
Bendigo ratepayers who do not pay by instalment have until Monday to pay their rates in full. Last year the City of Greater Bendigo issued 56,821 rates notices and expects to raise $99.421 million, which will go towards the delivery of services and infrastructure. Earlier this week, abou..
12-Feb-2016
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VACANT LAND IN SIGHTS
Peter Kennedy
The City of Greater Bendigo has identified three key vacant parcels of land as potential medium density housing meccas. The Residential Strategy recognises land at Chum Street opposite Fortuna, the former Coliban Water depot in Golden Square and surplus land owned by La Trobe University on O..
14-Aug-2015
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ASIC moves on land bank schemes
Bendigo Weekly
ASIC has commenced proceedings in the Federal Court of Australia against companies associated with Jamie McIntyre and the 21st Century Group in relation to their promotion and sale of interests to investors in five land banking schemes, including one on the outskirts of Bendigo. ASIC alleges..
10-Aug-2015
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Inner suburbs’ median house price tops $1.1m
Bendigo Weekly
The median price for a home in Melbourne’s inner suburbs has topped $1.1 million for the first time. REIV chief executive officer, Enzo Raimondo, said last week the $1,164,500 median price for the first three months of this year was up from $1,099,000 in the December quarter – a six pe..
23-Apr-2015
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Put aside emotion when buying as an investment
Bendigo Weekly
Australians love bricks and mortar. Not only is home ownership the great Australian dream, but when we have spare cash to invest or have paid off the mortgage and want to put our equity to work, many of us turn again to property, buying for investment. While the term ‘property investor&rsquo..
26-Mar-2015
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Research well before making an offer
Bendigo Weekly
One of the questions estate agents are frequently asked is how to go about making an offer on a property being sold privately. At least 70 per cent of Victorian homes are sold this way. If you are thinking about making an offer on a home being sold privately, here are a few things to keep in mind...
12-Mar-2015
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Market expected to remain positive for the next six months
Bendigo Weekly
While attention has focused on Victoria’s auction boom and the increase in prices across the state, particularly since spring 2013, a number of regional Victorian towns are yet to reach their peak property prices of 2010. Top of the list is Horsham, with a median price of $167,500 over ..
30-Jan-2015
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Significant increase in regional Victorian auctions in 2014
Bendigo Weekly
About 40,000 auctions were held across Victoria by the end of 2014’s final selling weekend. Almost 31,000 of them were in inner and middle Melbourne and had a flow-on effect into the outer suburbs and regional Victoria. In a continuation of a trend which began in the bumper spring selling ..
08-Jan-2015
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Real Estate Institute of Victoria’s tips for buying in the new year
Bendigo Weekly
With interest rates still at record lows, banks competing aggressively on home loans and house price growth showing signs of moderating, 2015 offers excellent opportunities for first home buyers to take that vital step onto the property ladder. Despite owning your own home being the great Australi..
31-Dec-2014
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Weighing up whether to renovate or relocate?
Bendigo Weekly
When your kids are demanding their own bedrooms, that old-fashioned kitchen is getting on your nerves or your house needs a major overhaul, a difficult decision awaits: to renovate or relocate. Renovating an existing home offers the chance to create the house you want in the location you know and ..
11-Dec-2014
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Property is a major purchase, so do your research
Bendigo Weekly
Home renovation shows rate highly, so it’s no surprise that some home buyers are influenced by what they see on television. Agents report hearing comments such as, “it lacks the wow factor”, “I’m looking for my forever home”, and “I like it but I’m..
04-Dec-2014
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REIV regional rental update
Bendigo Weekly
Real estate agents are reporting greater interest by investors, including self-managed superannuation funds, in homes in regional Victoria. So new data showing that rental vacancy rates across the state are stable or falling, and that regional markets are offering healthy yields of up to 5.4 per..
27-Nov-2014
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Buying into the country
Bendigo Weekly
An increasing number of Melburnians are choosing to move to regional towns in search of a more relaxed lifestyle and an affordable home of their own. But shopping for a home in regional Victoria, where most homes change hands by private sale rather than auction, poses different challenges to buy..
21-Nov-2014
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The importance of kerbside appeal
Bendigo Weekly
First impressions count and many homebuyers can be hasty when making up their minds about a property. These decisions often start with property websites – many buyers usually begin with the online photos, with the exterior shot usually the most prominent. The colour advertisements in loca..
13-Nov-2014
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Finding the right locality to live in
Bendigo Weekly
For many of us, buying in an area we know is the ideal, but sometimes that’s not possible. Everything from a work transfer to school zones, being unable to afford to buy where we are renting or simply deciding it’s time for a change can mean house hunting in an unfamiliar area. For..
13-Nov-2014
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Seminar to assist first timers
Bendigo Weekly
With growth in Victoria’s property market starting to moderate, now is a good time for first homebuyers and first-time investors to consider their options. Sales in regional Victoria have been consistent over the past 12 months, resulting in solid price growth. But with a more stable pe..
16-Oct-2014
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Formulate an open inspection strategy to ease the burden
Bendigo Weekly
The spring selling season is in full swing and an increasing number of homes are for sale across regional Victoria. For those who choose to sell, adjusting to the particular demands of living in a house which is on the market requires some organisation. While the number of auctions has been in..
09-Oct-2014
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