VIC Real Estate News
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Regional Victorian house prices achieve record gains
House prices across regional Victoria have had an impressive 12 months of growth, recording the largest annual increase since 2001.
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New PropTech business leveraging off-market selling surge
With international students set to return to Australian shores next month, new Melbourne based prop-tech business, OpenOpen, is predicting a sharp increase in interest and demand from international purchasers.
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Fortis appoints The Agency as lead agent on Pillar+Tide
Fortis has appointed The Agency as lead agent for Pillar+Tide, a boutique luxury development in Brighton, with project sales led by Michael Paproth. The appointment marks the first project between The Agency and Fortis in Brighton.
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Another win for Area Specialist, as top performer joins the network
Former Harcourts top performer, Marcus Washington, is the latest big name to join the Area Specialist real estate network.
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How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed…
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REIV appoints new CEO, as Gil King’s tenure comes to an end
The Real Estate Institute of Victoria (REIV) today announced that Quentin Kilian will succeed Gil King as the organisation's CEO from mid-February 2022.
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26 Victorian suburbs join the Million Dollar Club
Melbourne property prices are booming and million-dollar homes are quickly becoming the new norm.
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Vic auction listings break through 2000 for the first time
A record 2040 residential property auctions were expected to be staged in Victoria in the week ending 28 November, according to the Real Estate Institute of Victoria (REIV).
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Open borders to spark Melbourne suburban boom
Demand for homes in Melbourne’s inner suburban rim is set to skyrocket when international borders open, according to property expert, Mark Dawson. The Urbis Director, who featured in the Dye & Durham Future Property & Development Insights Virtual Roadshow Series, said while a sea or tree change had been the focus of many buyers in the past 12 months, a…
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Liz Todd launches boutique agency on the Mornington Peninsula
High-end agent, and well-known member of the Mornington Peninsula community, Liz Todd has taken the next step in her career and launched her own business, Coastal Agents, powered by UrbanX.
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Bowling alleys and enormous spas feature in Victoria’s top house sales
If you’ve got a bit of spare time this weekend and want to see how the other half live then check out this list of 10 luxury Victorian homes that sold over the past 12 months.
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Victoria breaks land price records with lots over $300,000
Land prices in Melbourne’s key growth corridors have experienced strong growth, increasing by 7.7 per cent over the year, with lots in almost every municipality now valued higher than $300,000.
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REA Group backs stamp duty exemptions supporting City of Melbourne
REA Group has announced a new partnership with the City of Melbourne to help bring to life the council’s latest campaign, ‘This is Your Local’.
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Fitzroy tops Melbourne’s most liveable suburbs list
Inner-city suburbs continues to top the list of most liveable in Melbourne according to new analysis.
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REIV announces excellence awards
The 2021 Winners of the REIV Awards for Excellence have been announced, with some strong competition across the board.
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Real estate agent’s innovative approach yields rich rewards with @realty
Victorian real estate agent Leo Edwards is far from your ordinary realtor.
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Melbourne maintains $1 million median price as regions boom
House prices across Victoria remain incredibly strong, with the Melbourne median price above $1 million and regional areas growing at a record pace.
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Hutly updates VicForms platform to boost productivity and data accuracy
Hot on the heels of Hutly's acquisition of Property Data last week, Hutly is today releasing an update to the VicForms platform that introduces a property-centric way of working with real estate contracts.
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Victorian Government boosts build-to-rent scheme
The Victorian Government has announced the build-to-rent scheme has been expanded in a bid to encourage investors to build rental properties.
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Warrnambool agent to test Victorian vaccine certification technology
A Warrambool real estate agency is playing its part in getting Victoria ready to reopen, taking part in the state’s “Vaccinated Economy trials”.
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Victorian Government launches $500 million fund to help residents buy a home
The Victorian Government has launched a $500 million shared equity fund to help Victorians buy their own home.
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Melbourne agent doubles GCI in 12 months during lockdown
Last year, Daniel Di Battista launched his business in Melbourne, the most locked down city in the world and 12 months later has doubled his GCI in his first year with UrbanX, completely exceeding his expectations.
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The top Sydney and Melbourne suburbs with potential for unit oversupply
Schofields, Gosford and Rouse Hill are among the top Sydney and NSW suburbs most at risk of unit oversupply and potentially poor metrics for landlords, new research has revealed.
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Authorised workers required to be vaccinated in Victoria
All "authorised workers" across Victoria will be required to have at least one dose of the COVID-19 vaccine by Friday 15 October in order to continue working.
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Real estate industry leaders react to Victoria’s roadmap out of lockdown
Melbourne's real estate industry is set to see a lockdown-related milestone on October 26, as on-site outdoor auctions will be able to resume with up to 50 fully vaccinated attendees and one-on-one inspections resuming.
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Victoria’s roadmap: On-site auctions back in Melbourne from October 26
The auctioneer's hammer is expected to fall out the front of Melbourne properties again in late October, after the Victorian Government outlined the state’s roadmap out of lockdown on Sunday.
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Home inspection rules ease as Victoria hits 70 per cent vaccination milestone
Locked-down areas in metropolitan Melbourne and Ballarat will be able to resume real estate inspections by appointment from 11:59PM Friday 17 September.
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Melbourne lockdown no match for Mahesh and the OASIS platform
Lux Real Estate’s Mahesh Ranawaka says @realty's OASIS helped him not just survive but thrive in the difficult COVID-19 business environment.
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Could Vic lockdowns create the risk of an unregulated environment?
Ray White Victoria’s chief executive officer has expressed concern the current lockdown restrictions affecting real estate in Melbourne could result in an unregulated environment where desperate buyers take matters into their own hands.
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‘Locked down and locked out’: REIV campaigns to open real estate safely
The Real Estate Institute of Victoria (REIV) has mounted a campaign against property market restrictions on behalf of the tens of thousands of sector employees and impacted Victorians.
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Melbourne’s student housing reduced to “skeleton skyscrapers” amid international border closures
Border closures that stopped thousands of international students studying at Australian universities, has reportedly caused entire buildings to remain vacant, impacted on small businesses, and left self-funded retirees worried about how they will pay their mortgages.
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Growth despite lockdown: New offices open in NSW and Victoria
New South Wales and Victorian agencies have had their fair share of struggles courtesy of recent lockdown restrictions, but that hasn't stopped three new offices from opening.
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Property inspections critical for the health of Victoria’s real estate sector
REIV has urged the Victorian Government to allow private one-on-one property inspections, as a part of lockdown measure changes expected to be announced this week.
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Love Island twins team up with Ray White Cheltenham for The Block sale.
Former Love Island stars, Luke and Josh Packham, have joined forces with Ray White Cheltenham director, Kevin Chokshi, to sell their four-bedroom home on this season of The Block.
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REIV labels Commercial Tenancy Relief Scheme ‘lop-sided’
The Real Estate Institute of Victoria has lashed out at the State Government, stating they have again ignored the plight of everyday mum and dad investors with the release of the renewed Commercial Tenancy Relief Scheme regulations.
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