Home' Sunraysia Daily : property06082016 Contents Pr pertyGuide
Saturday, August 6, 2016
Price growth in family homes
Have a say about rental conditions
The latest REIV data shows
family homes remain popular
with buyers, delivering solid
price growth in the year to June
Median house price growth was widespread
across Victoria - from Gippsland, to the state's north
and west, as well as a number of locations within
commuting distance of Melbourne.
Three-bedroom houses in Drouin, east of
Melbourne, recorded one of the state's largest price
increases over the year, up more than 18 per cent to
a median house price of $330,000. This was up from
$278,500 for the same period last year.
This was closely followed by four-bedroom
properties in Traralgon in the Latrobe Valley, where
the median house price rose 17.2 per cent to $390,500.
Double-digit growth for three-bedroom homes
was recorded in a number of regional towns over
the year including Kyneton, up 14.1 per cent to a
median of $465,000; Mildura, up 13.6 per cent to
$250,000; Warragul, up 11.9 per cent to $330,000; and
Shepparton, up 11.5 per cent to $252,500.
Three and four-bedroom homes in the coastal town
of Torquay experienced significant annual growth,
both up by 10 per cent to median house prices of
$626,250 and $690,000 respectively.
Other areas experiencing solid annual price growth
for three-bedroom homes include Sale, up 9.6 per cent
to a median of $279,500; Wodonga, up 6.5 per cent to
$275,000; Geelong West, up 6.4 per cent to $526,500;
and Ocean Grove, up 6.4 per cent to $500,000.
Meanwhile, annual price growth was also seen at the
opposite end of the spectrum.
In the year to June 30, the statewide median price
for one-bedroom units increased 2.3 per cent to
$163,750, up from $160,000 for the same period last
And three-bedroom units recorded significant price
growth, up 3.8 per cent over the year to a median of
For more information on median house prices by
bedroom, visit reiv.com.au.
--- Geoff White, REIV
Repairs, minimum standards
and tenant modifications to
rental properties are the latest
focal points for the Victorian
Government's review of rental
Director of Consumer Affairs Victoria Simon
Cohen is calling on tenants and landlords to have
their say on property conditions in the latest Issues
Paper 'Regulation of property conditions in the rental
market', released as part of the Residential Tenancies
Act 1997 (the Act) review.
"The Issues Paper explores how residential
tenancy laws can ensure tenants have access to safe,
comfortable and well-serviced properties, while also
supporting landlords to maintain a viable, stable rental
investment," Mr Cohen said.
"Under the Act, both tenants and landlords have
rights and responsibilities for a property's condition at
the start, during and at the end of a tenancy."
Issues that have been identified for consultation
LANDLORD'S obligations to ensure rental
properties are safe, secure and liveable, and whether
minimum standards should be mandatory
TENANT'S obligations to avoid property damage,
other than fair wear and tear
TENANT'S ability to make property modifications,
including to assist tenants with a disability
WHETHER standards of cleanliness, maintenance
and repairs expected of landlords and tenants should
be clarified -- including responsibility for types of
maintenance not specified in the Act, such as replacing
smoke alarm batteries
TIMELINESS of repairs and appropriate
consequences for non-compliance.
Mr Cohen said this Issues Paper looks at matters that
can affect the safety, health, liveability and comfort of
"We want to know if the current legislation strikes
the right balance between protecting a landlord's
assets, and ensuring a habitable and safe environment
for the tenant."
Details about how you can have your say,
including information for culturally and
linguistically diverse communities, is available
atfairersaferhousing.vic.gov.au/renting. You can
make a written submission, post your views using
the 'Your Story' tool on the website, upload a video
or audio recording, or participate in a discussion or
Links Archive motors-30072016 motors06082016 Navigation Previous Page Next Page