The Andrews' Government has announced significant reform of the Residential Tenancies Act. The REIV has been vocal in our objection to many of these reforms and will be working with both the Opposition and cross benchers going forward. Changes include: - Removal of the Notice to Vacate for 'No Specified Reason' - Limiting the use of 'end of fixed term' notices to vacate - Bond capped at one months' rent for all tenancies less than $760 per week - Landlords unable to unreasonably refuse...
MELBOURNE’S median house price has risen for the fifth consecutive quarter, with the city remaining a “seller’s market”, but growth is tipped to cool. The citywide median jumped 2.9 per cent to $822,000 in the three months to June 30, according to the Real Estate Institute of Victoria. AUCTION CAPITAL: Melbourne auction records hammered in first half of 2017 BOOMING ‘BURB: Suburb price record broken for second time this year HOT WINTER: Auctions...
Homes zoned for some of Melbourne’s top performing public schools are delivering six-figure dividends for property owners, compared to neighbouring homes outside the catchment. New REIV data shows the median house price in highly sought after public school catchments are up to half a million more expensive than homes that border the zone. In the year to June 30, the largest price difference was recorded for homes located within the catchment area for South Yarra Primary...
