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27 March 2020 Cameron Micallef

Proptech to support real estate industry

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27 March 2020 Cameron Micallef

A conversation with Dean Mackie

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27 March 2020 Grace Ormsby

Auctions begin adjustment to online

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Proptech to support real estate industry

March 27, 2020Cameron Micallef

Virtual inspection tools, live-stream auctions and new customer support packages will allow agents to carry on following government restrictions on open house inspections and auctions to slow the spread of CO ...

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ALEXANDER PHILIPS

Year of Experience: 17

Support Staff: 5

Residential Properties Sold: 208

Total Value of Residential Properties Sold:

$614,864,500

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TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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Graeme Hyde WEB What makes a high-performing office?

With 25 years of industry experience under his belt, Graeme Hyde understands the formula for a successful real estate of ...

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James Lampropolous WEB A project marketer’s take on being a successful ...

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EVENTS
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Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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State of Market - VIC April 2012

02 April 2012 Reporter

Essential information, plus expert insight on what is shaping the national property market...

VICTORIA

New infrastructure to open up regional sites

Significant new infrastructure works are opening up regional Victoria, according to the state Department of Infrastructure and Transport, potentially increasing the attractiveness of some areas for investors.

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A $152 million contract has been awarded for a 23km section of highway as part of wider plans for the Western Highway duplication.

The federal infrastructure and transport parliamentary secretary and member for Ballarat, Catherine King, and Victorian roads minister Terry Mulder said the road would be a four-lane divided highway, representing a milestone for the duplication project overall.

“We are working in partnership with the Victorian Government to renew and expand our transport infrastructure to support the national economy, and to better connect people living and working in regional Victoria,” Ms King said.

There will also be a bypass to the south of the Trawalla township, said Mr Mulder.

“The new works will improve the efficiency of freight movement to make the Western Highway much safer for the local communities and for through traffic,” he said.

Melbourne market now oversupplied

Melbourne’s residential property market is now oversupplied and may take years to recover, according to property analyst Michael Matusik.

Speaking at the Urban Development Institute of Australia (UDIA) conference in Melbourne, Mr Matusik said low confidence and high vacancy rates were keeping investors out of the market.

“The Victorian market is now oversupplied with both new and existing stock,” he said. “Melbourne is past its peak and is at 1 o’clock on the property clock. It might take two to three years to recover, at best.”

In addition to oversupply, Melbourne now has the highest vacancy rate of any Australian capital, at over 4 per cent.

“Confidence is low, end prices are high and there are fewer jobs being created.” Mr Matusik said.

State of Market - VIC April 2012
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Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
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