Historic house prices for regional Victoria; Melbourne holds the line - REIV
The median house price in metropolitan Melbourne is $1,010,000 and $559,500 in regional Victoria, according to data released today from the Real Estate Institute of Victoria.
Mortgage serviceability cheaper than renting on over a third of Australian properties - CoreLogic
CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.2% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.
The 10 Perth suburbs to record the biggest improvement in sales volumes in the 2020-21 financial year - REIWA
REIWA President Damian Collins said of the 10 suburbs to make the list, six had more than doubled their sales tally in the 2020-21 financial year versus the 2019-20 financial year.
Sensible approach to royal commission reforms to benefit homeowners and mum-and-dad investors - REIA
Real Estate Institute of Australia (REIA) has welcomed recent exemptions provided to real estate for both deferred sales models for home and landlord insurance as well as exemptions for property managers and real estate agents in insurance claims handling reforms.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
m3property welcomes new non-executive board appointment
The Board of m3property has welcomed the appointment of Catherine Leahy as independent Non-Executive Director. m3property Chairman, Grant Jackson, said the company was looking forward to Ms Leahy’s input and expertise.
Property managers to have a say in standing up against domestic violence - REIA
The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic violence by filling out a short three-question survey by 26 July 2021.
Top 10 Perth suburbs with biggest growth in median house price 20-21 financial year - REIWA
Top 10 Perth suburbs with biggest growth in median house price for 20 - 21 financial year revealed by reiwa.com.au data. REIWA President Damian Collins said the top 10 list represented a diverse mix of suburbs.
Drop in vacancies signals positive news for Sydney residential rental market
The REINSW Vacancy Rate Survey results for June 2021 show that residential rental vacancies in Sydney have dropped for the second consecutive month and the rate now sits at 3.1%.