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Tag Archive 'REIV'

Looking to buy a property in Melbourne for the first time but don’t know where to start? You’re not alone! And for that reason, The Real Estate Institute of Victoria (REIV) is holding a free homebuyer’s seminar on Wednesday 19 April. The seminar is an exclusive opportunity to hear from expert property professionals on how […]

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This year’s property market has already got off to a solid start, aided by a further interest rate drop announced by the Reserve Bank of Australia in early February. This will no doubt help attract and retain the interest of buyers across the board – but especially those entering the market for the first time. […]

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A new, innovative house price index has recently been launched by the Real Estate Institute of Victoria (REIV) to help buyers track movement in the state’s home sales market. The REI Index is a free service and provides homebuyers, investors and property observers with a comprehensive weekly overview of market activity throughout Victoria. It will […]

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New auction record for Melbourne

Melbourne’s auction numbers for the September quarter of 2014 have set a new all-time record, with around 8,165 held around the city in the past three months – 15 per cent higher than the same time last year. There were also a greater number of auctions in Melbourne’s middle and outer suburbs, representing 16 per […]

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Bumper March Quarter

Melbourne’s property market recently completed the strongest March quarter in over a decade. Latest Real Estate Institute of Victoria (REIV) data reveals a robust 5% increase in the median house price from $534,000 in December 2012, to $561,500 in March. The regional median house price also increased, by a more moderate 2.1% from $305,000 to […]

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Vacancy Rates Tighten

Latest rental market figures show a decrease in the number of vacant rental homes across Victoria. At the end of March the Real Estate Institute of Victoria (REIV) figures put the Melbourne vacancy rate at 2.8%, down from 3.6% in January. As a result of the lower vacancy rates in the first quarter of this […]

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Median House Price Update

The Real Estate Institute of Victoria has just released their median house figures for the final quarter of 2012. The data confirms both a growing demand for property as well as an increase in housing prices across Melbourne and our regional centres. The median house price in Melbourne increased by 7.8% from $515,000 in the […]

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The Real Estate Institute of Victoria (REIV) has just published an article declaring that Victorian residential property values surpassed $1 trillion for the first time in 2012. Property is a significant part of the Victorian economy and holds a large portion of the state’s overall wealth. This is documented every two years by the Victorian […]

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Sales Method by Suburb

The Real Estate Institute of Victoria (REIV) continues to gather a comprehensive and growing assortment of industry data. They recently completed their first comprehensive analysis of sales methods by suburb in Melbourne. The statistics provide buyers, vendors and anyone with an interest in the local market with data about the most popular sales method. When […]

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Enzo Raimondo, chief executive of the Real Estate Institute of Victoria, has revealed that the state government will conduct a review of the Section 32 of the Sale of Land Act. Often referred to as the ‘vendor’s statement’, the Section 32 is a file prepared by a vendor’s solicitor or conveyancer. Contained within the document […]

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