VIC Real Estate News
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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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REIV and Hutly now offer digital signature alternatives throughout Victoria
REIV and Hutly provided a non-contact alternative for signing official documents, releasing digital signatures on all VicForms documents
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Real Estate Institute of Victoria partners with Hutly on enhanced digital signature platform
The Real Estate Institute of Victoria (REIV) and their digital partner Hutly are gearing up to release a notable enhancement to the Institute’s member-only VicForms platform next week with digital signatures becoming widely available across the state. REIV Membership Services Manager Matthew Griffin explained the most recent Delta outbreaks have only amplified the need for non-contact alternatives like digital signatures,…
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Belle Property returns to The Block to list Ronnie and Georgia’s house
Belle Property Sandringham agents David Wood and Jenny Dwyer have listed Ronnie and Georgia’s house on the current season of The Block.
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New Century 21 office opens in Caroline Springs
Century 21 Paramount Realtors has opened a second office in Caroline Springs, located in the western suburbs of Melbourne.
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Former weatherman Mike Larkan’s new career path as an auctioneer
Former Network 10 weatherman Mike Larkan is forecasted to thrive in his new career as an auctioneer, after being axed from TV last year.
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PRD Nationwide Ballarat has used RiTA by AiRE to win more listings
PRD Nationwide Ballarat director and sales manager Jason Birch recently joined RiTA by AiRE growth specialist Tristan Lovell in a webinar dedicated to sharing ways to accelerate your leads and listings ahead of the spring season.
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Victorian Government urged to allow one-on-one inspections amid ongoing lockdowns
The Real Estate Institute of Victoria (REIV) is urging the State Government to allow one-on-one inspections, noting the recently announced extension of Victoria’s fifth lockdown will wreak havoc on the real estate industry. On Tuesday, Victorian Premier Daniel Andrews announced the current lockdown would be extended seven days and is now slated to end on Tuesday, July 27. That’s likely…
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Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
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Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new…
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Two Australian cities listed in the top five for entrepreneurial success
Sydney and Melbourne have been highlighted as two of the best cities in the world for aspiring entrepreneurs to start their own business.
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Acreage property sells well above reserve in online auction
A 10-acre property in Somerville, Victoria has sold for $402,500 above the reserve, after fierce bidding through online platform Openn Negotiation.
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We ask experts how Victoria’s latest lockdown will affect the industry
With Acting Victorian Premier James Merlino announcing a snap seven-day lockdown for the entire state from midnight Thursday, how will the real estate industry be affected?
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The lesson for Australia out of Victoria’s property tax hikes: two out of three ain’t bad
Victorian treasurer Tim Pallas’s three-pronged strategy to raise an extra $2.7 billion in property taxes over the next four years is a case of two out of three ain’t bad, writes Brendan Coates.
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REIV labels stamp duty and land tax hikes the final straw
The Real Estate Institute of Victoria has slammed a series of property tax initiatives which have been unveiled in advance of the State Budget this Thursday.
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Metro Melbourne median house price passes the $1 million mark
The median house price in Victoria has recorded one of its largest quarterly increases, with the value of Melbourne metropolitan houses passing $1 million.
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Century 21 opens five new offices in five weeks
Century 21 has experienced strong growth in Australia and New Zealand so far in 2021, with the network opening five new offices in the past five weeks.
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Good Friday Appeal Charity Auction sets new record
The hammer has fallen on this year’s Good Friday Appeal Charity Home Auction in Victoria, with the fully furnished Vogue 34 Henley home at Rathdowne Estate setting a new record of $903,000.
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Melbourne’s property values reach new record high
Melbourne’s property values have reached a new record high, with figures showing prices have now surpassed their previous peak.
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Time to shine for First National’s top Victorian and Tasmanian performers
First National Real Estate’s Victoria and Tasmania agents have been recognised for their achievements in 2020, with the network holding its final state-based General Excellence and Marketing Awards event of the year at Melbourne’s Grand Hyatt on Saturday night.
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Andy Reid handed the hammer for Good Friday Appeal charity auction
After 13 years at the helm of the annual Good Friday Appeal Charity Home auction, Real Estate Institute of Victoria’s Master Auctioneer and four-time winner of the institute’s Senior Auctioneering competition Adrian Butera is handing over the hammer.
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