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Tag Archive 'Victoria'

Even before the 2017 state budget was handed down by Tim Pallas, the Victorian real estate fraternity was twitching with anticipation. Where would the government give and take? Well, it’s all out in the open now, and it seems property investors are the hardest hit by the latest budgetary measures in the government’s attempt to […]

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With only two months to go until the $7,000 First Home Owners Grant is abolished, most Victorians see it as a blow for buyers still planning to purchase their first home. Real Estate Institute of Victoria (REIV) CEO Enzo Raimondo said that whilst first home buyers would benefit from the newly introduced 40% stamp duty […]

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A recent blog posted on the Real Estate Institute of Victoria website shed some interesting light on changes to property values and cost trends over the last decade. Melbourne’s current median house price is $590,000. This is 103% higher than the $291,000 recorded at the same time in 2001. A decade ago the stamp duty […]

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Victorian Consumer Affairs Minister Tony Robinson has proposed two changes to the state’s Estate Agents Act which have been met with much discussion.The first change is a ban on ‘price plus’ advertising by real estate agents and the other is a change to Section 55 of the Act, a section that’s designed to prevent a […]

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