{"id":24733,"date":"2019-09-19T05:00:21","date_gmt":"2019-09-18T19:00:21","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/ballarat\/?p=24733"},"modified":"2019-09-18T19:07:34","modified_gmt":"2019-09-18T09:07:34","slug":"market-looking-up","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/market-looking-up\/","title":{"rendered":"Market looking up"},"content":{"rendered":"

MUCH has been said about Victoria\u2019s strengthening residential property market, but what is underpinning this resurgence?<\/p>\n

First, there\u2019s renewed political stability following the State and Federal elections, lending certainty to the market.<\/p>\n

Recent Reserve Bank interest rate cuts are taking effect, and the RBA\u2019s decision last week to hold rates at a record low 1.0 per cent adds to market confidence.<\/p>\n

The Australian Prudential Regulation Authority\u2019s relaxation of its loan serviceability guidelines last week should make it easier for borrowers to secure finance.<\/p>\n

Following the market correction, REIV members say demand for property outstrips supply. These unique conditions offer benefits to both buyers and vendors.<\/p>\n

Auction clearance rates have been above 70 per cent for the past three months, with 75, 78, 79 and 77 per cent recorded in the four weeks before the latest figures on rising volumes.<\/p>\n

In regional Victoria, auctions are less common but are popular in some areas with 1134 auctions in regional Victoria in 2019.<\/p>\n

Regional auction sales are growing fastest this year in Mildura, South Geelong, Morwell, Ararat, and Warrnambool while last month, Lara was regional Victoria\u2019s auction hotspot, with nine – half of all auction sales there this year.<\/p>\n

With such positive fundamentals, potential vendors should consider their next move.<\/p>\n

Do your research. Check with local agents. Ask about their approach. Get appraisals from at least three competing agents. Use the REIV\u2019s free Choose A Member service to find which local agents achieved the best results with properties like yours. Go to reiv.com.au<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

MUCH has been said about Victoria\u2019s strengthening residential property market, but what is underpinning this resurgence? First, there\u2019s renewed political stability following the State and Federal elections, lending certainty to the market. Recent Reserve Bank interest rate cuts are taking effect, and the RBA\u2019s decision last week to hold rates at a record low 1.0 […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":54,"featured_media":23542,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-24733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nMarket looking up - Ballarat Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/market-looking-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market looking up - Ballarat Times\" \/>\n<meta property=\"og:description\" content=\"MUCH has been said about Victoria\u2019s strengthening residential property market, but what is underpinning this resurgence? First, there\u2019s renewed political stability following the State and Federal elections, lending certainty to the market. Recent Reserve Bank interest rate cuts are taking effect, and the RBA\u2019s decision last week to hold rates at a record low 1.0 [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timesnewsgroup.com.au\/ballarat\/real-estate\/market-looking-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Ballarat Times\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-18T19:00:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/9\/2019\/08\/GilKing-high-res-for-web.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"2000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gil King\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gil King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/\"},\"author\":{\"name\":\"Gil King\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/#\\\/schema\\\/person\\\/f2b14a4fe8263e488c2ba3c9a669fe17\"},\"headline\":\"Market looking up\",\"datePublished\":\"2019-09-18T19:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/\"},\"wordCount\":253,\"publisher\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.timesnewsgroup.com.au\\\/prod\\\/uploads\\\/sites\\\/9\\\/2019\\\/08\\\/GilKing-high-res-for-web.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/\",\"url\":\"https:\\\/\\\/timesnewsgroup.com.au\\\/ballarat\\\/real-estate\\\/market-looking-up\\\/\",\"name\":\"Market looking up - 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