News & Media

What Turnbull's new ministry means for property


Written by: The Real Estate Conversation

Malcolm Turnbull has set the course for his new government, but left housing affordability off the agenda. Malcolm Turnbull has announced a larger-than-expected ministry reshuffle, setting the course for stable government, but revealing subtle shifts in emphasis and leaving housing affordability off the agenda. Josh Frydenberg’s move from resources and energy to environment and energy, link the environment and energy ministries for the first time. Matt Canavan, a ... Read More

Greater interest in regional Victoria


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 cent, will be welcome news.  The vacancy rate data showed that in Geelong, the regional centre with the highest rate, there was a 0.1 per cent fall to 4.4 per cent in Octob ... Read More

THE DANGERS OF OVERCAPITALISING


In a buoyant property market, as in most Australian capitals over the past year, it’s tempting to spend on home improvements and renovations. After all, prices on the up mean money laid out now would be recouped, and then some, if the property was sold – don’t they?But that can be a trap. Overcapitalising – spending money which would not be recouped by an increase in a property’s value – is a risk for both investors and owner occupiers. Whi ... Read More

Smaller home price boom in regional Victoria


Written by: PH Property

Regional Victoria has seen a boom in the price of smaller homes, with units and apartments recording significant price growth in the past three months.  The unit and apartment median price grew by 8.2 per cent in the three months to 31 March this year, to $262,500. House prices also grew to a new median price high of $322,000, however the growth over the quarter was lower than for units, at 1.3 per cent. REIV Chief Executive Officer Enzo Raimondo said that the growt ... Read More

Investing in regional Victoria


Written by: PH Property

Investing in property is often seen as a positive move, which can yield good returns. Generally, these returns are achieved over the mid-to-long term, with a range of factors causing property to vary in value. And while the local economy or changes in employment levels can cause prices to increase or moderate, over time these changes are smoothed by longer-term trends. This has been shown in new REIV data which has found that, across regional Victoria, both homes and units ha ... Read More

Comparing median house prices


Written by: PH Property

Comparing median house prices is a useful house-hunting tool, helpful when researching which areas have shown attractive capital growth and where bargains are available. Refining that search by comparing the medians of particular towns, types of property and the number of bedrooms increases its usefulness. Australians love spacious homes - our new homes are among the world’s largest - and the REIV's newly-released median price data shows four-bedroom houses in regional ... Read More