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Tag Archive 'research'

The Australian Bureau of Statistic has just released figures indicating Australians are entering the property market later than ever before. The 2013-14 data, shows that less than 50% of Australians bought their first home between the ages of 25 and 34 years old. Back in 2000-01 that percentage was up over 60. One of the […]

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The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders said, “The recent Adelaide Bank/REIA Housing […]

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The Melbourne property market is driving a national spike in $2million+ property prices. Not that long ago, $1 million guaranteed the purchase of an exceptional family home – a property where you could settle in and expect to be comfortable for life, only looking to down size when the nest became empty. Over the past […]

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  The spring property market is fast approaching, and if you are looking to purchase a new home or investment, here are few tips to prepare you for success. The key to a successful home purchase is using research and facts – not emotions – to make the right choice. The process may require patience, […]

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Industry experts are calling Melbourne’s property market a ‘moderate market’ as we head into the winter months. The city’s median price of $713,000 has remained fairly steady for the first two quarters of 2016, coming off the back of what has been a bumper 12-18 months of growth. Buyers seem particularly keen on properties in […]

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The Real Estate Institute of Victoria has backed new initiatives announced by the State Government today, including significant road and rail investment across the state.  REIV Chief Executive Officer Enzo Raimondo said the $10.4 billion investment in public transport and road projects will drive growth across the city and regional Victoria. “Given the significant growth […]

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If recent results and statistics are anything to go by, 2016 is shaping up to be a solid period for Melbourne’s property market. Interest rates have been left on hold again after the RBA’s April meeting and auction clearance rates are staying up at a healthy 74%. The biggest auction weekend of the year (19-20 […]

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Metropolitan Melbourne The latest Real Estate Institute of Victoria (REIV) data for the Melbourne rental market shows that the number of vacant properties in the metropolitan area increased 30 basis points in the last quarter of 2015. The vacancy rate has remained stable throughout most of 2015 at 2.8%. In November and December it increased […]

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Melbourne’s median price has moderated following four successive quarters of growth, providing positive news for house hunters in 2016. The median price fell marginally in the December quarter – down 0.1 per cent to a median house price of $718,000 – following solid growth of 4.5 per cent in September. REIV Chief Executive Officer, Enzo […]

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What lies ahead in 2016?

The 2015 Melbourne property market was a remarkable year. In a recent summary of the “year that was”, Real Estate Institute of Victoria CEO Enzo Raimondo said the strong price growth across most sectors of the market was underpinned by low interest rates, continued overseas investment and a steadily increasing population. Melbourne’s median house price […]

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