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Melbourne’s median house price up five per cent in past 12 months

REIV Research September Quarter 2018 Median Prices Despite sluggish auction clearance rates and rumblings of a depressed property market, the Real Estate Institute of Victoria’s latest data reveals that Melbourne’s median house price remains stable. REIV President Robyn Waters said there was a 13.6 per cent increase in the value of homes sold on the private market and an 0.6 per cent increase in the value of those sold under the hammer over the past 12 months. “We’ve...

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Is now the right time to buy again?

Median home values around Australia have been mixed across the major cities in 2018. We're taking a look at recent median home value figures and how property has performed in the year to date. Property prices around Australia's major cities have continued to decline in recent months. A recent CoreLogic report revealed that median home values around Australia decreased by 0.1% in late-August. This figure, coupled with continued decreases in median home values in previous weeks made recent...

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How to unlock your equity

Equity. We hear this buzz word in the property market every day but what does it actually mean, do you have any and if so, how can you get your hands on it!? Equity is the difference between the value of your asset and the value of your loan. For example, if you bought a car for $15,000 but you owe $5,000 on a car loan, you have $10,000 in equity. The same rule applies to property. You may have owned your property for a long time, recently purchased in a high growth area, or completed...

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