GENERAL NEWS
SUBURBS in Geelong, the Surf Coast, Bendigo and Gippsland have led house price growth in Victoria over the past 12 months, as the statewide recovery in values continued over the...
According to the REIV’s latest quarterly median data, metropolitan houses were up 2% and units and apartments by 0.3%, while in the regions the segments saw a 1.5% loss and...
Over 12 months, metropolitan houses were down 7.5% and units and apartments by 1.6%. Regional locations were more resilient, with falls of 0.4% and 2.5% in...
During the quarter, more than half of all regional price growth occurred in major regional centres. These included in Greater Geelong, with quarterly rises ranging between...
Similar quarterly price rises were also seen in Greater Bendigo, with White Hills ($507,500), Epsom ($600,000), Kangaroo Flat ($507,500) and Heathcote...
In the Gippsland region, Lakes Entrance jumped 14.3% during the quarter to $677,500, Foster climbed 11.5$ to $680,000, and Rosedale by 9.5% to $520,000...
Over 12 months, stand-out regions included the Surf Coast, where Jan Juc climbed 14.3% in the year to a median of $1,320,000, and Anglesea saw an annual rise of...
Jacob Caine, REIV president Victoria’s regional centres are prized by buyers as affordable and lifestyle-focused and close to amenities...
After a period of Australians seeking treechanges and seachanges turbocharging regional house markets, the spotlight is now back on the...
Monash leads Melbourne growth
In metropolitan Melbourne, long-term growth was dominated by suburbs in the City of Monash, in the city’s south-east. Five suburbs in the area are in the...
Meanwhile, houses in blue-ribbon suburbs Malvern (with a median of $3,265,000) and Brighton ($4,135,000) – two of Melbourne’s most expensive suburbs...
“Notwithstanding the challenges currently at play in our property sector and the need to increase housing supply, there is certainly a strong case for confidence and...