The Victorian Government will rezone 100,000 housing blocks to create 17 new suburbs in Melbourne to combat housing affordability.
News
Healthy signs for Melbourne's industrial and commercial property market
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23 February 2017
Melbourne was the nation’s strongest performer for industrial property in 2016, recording a 15 per cent increase in property deals for the year.
Lenders tighten the screws on off-the-plan apartment valuations
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21 February 2017
Borrowing for off-the-plan apartments is getting tougher as lenders crackdown on property valuations for loan approvals.
Capital gains tax review has support from two major banks
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20 February 2017
Two of the country’s big four banks say changes to capital gains tax should at least be considered to help reduce property demand and assist with affordability.
Commonwealth Bank announces out-of-cycle rate hike for investors
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17 February 2017
In a further sign of lender crackdown, the Commonwealth Bank has made an out-of-cycle interest rate hike to investor loans.
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