The number of homes put to the market for sale has surged 79 per cent on the same time last year, according to new research by RP Data.

The median price for a house in Melbourne surged 25 per cent in 2007, to $463,488, making it the fastest growing of all Australian capital cities, according to new research by Australian Property Monitors.

St Kilda Road will always be remembered as the precinct to pioneer high rise apartment living in this city. Dotted in amongst the retained mansions, and tired old office buildings, are some of the most prominent apartment towers in Melbourne – including the Kingstoun, Yve – and Melburnian.

Ardeer is one of Melbourne’s smallest suburbs by geographical area, occupying only a few square kilometres about 20 kilometres west of the CBD.

 
Consumer Affairs Victoria (CAV) has developed new guidelines for real estate salespeople and a fact sheet home buyers in response to industry and public concerns about property price underquoting.

Agents, analysts and developers unanimously tip Summer 2008 to be one of the biggest years yet for the coastal market, with suburbs along the Great Ocean Road, Port Phillip Bay and Western Port expected to be in highest demand.

Industry experts unanimously agree the recent surge in real estate values in Melbourne is unsustainable.

Charter Hall, one of Australia’s leading property fund managers and property developers has been awarded the exclusive right to negotiate the purchase of the Nine Network’s headquarters in both Sydney and Melbourne following a tender process.

The number of new homes sold in Victoria for the month of October has bucked the national trend.

Any chance of the North Melbourne football club’s Arden Street training ground being turned into townhouses and apartments has faded – for the moment anyhow.

The buildings where Graham Kennedy let loose his famous “faark” crow-call and where fans of Bandstand learned the twist and the stomp are believed to be close to sold as Channel Nine capitalises on its inner-suburban properties in Melbourne and Sydney.

Building approvals were down by 2.8 per cent in October due to a 10.4 per cent dip in the multi-unit segment. Detached house approvals posted a very small rise of 0.9 per cent to a level of 9,458.

One agency to which the Kay & Burton/RT Edgar rivalry means nothing, is Marshall White.

Five retail shops on the ground floor of St Kilda Road’s Chevron Hotel have sold via an expression of interest campaign, in deals worth more than $6 million.

While much of the industry’s attention of late has focused on Melbourne’s blue ribbon suburbs – record prices are being achieved in other parts of Melbourne as well.