Real Estate News

Where will the people go?
Accomodating our growing population is one of our community’s most pressing concerns. This was highlighted in a recent report by the Productivity Commission, in which Australians were surveyed about attitudes to population growth and the increased density required to house it. The ..
07-Jun-2011
2.37
No
0
April rental update
The REIV April vacancy rates report reveals little improvement in the state of the rental market during the past 12 months. In April the vacancy rate for Melbourne was 1.7 per cent and 1.2 for regional Victoria. The vacancy rate has remained basically the same during the last 12 mon..
01-Jun-2011
9.33
No
0
Affordability worsens
According to the latest Housing Affordability Report from the Real Estate Institute of Australia, Victoria remains the second-most expensive state in Australia in which to own a home. Due to increasing house prices and interest rates, the proportion of the average family income required to p..
13-Apr-2011
9.1
No
0
First home buyers in 2011
The number of Victorians buying their first home is dropping. In February there was a total of 2,153 grants given to first home buyers, compared to 3,324 in February 2010 and 3,115 in February 2009. It is also well below the recent peak of 4,981 in June 2009. Analysis of the data provided..
05-Apr-2011
10.58
No
0