{"id":16170,"date":"2018-10-11T05:57:50","date_gmt":"2018-10-11T05:57:50","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=16170"},"modified":"2018-10-12T03:00:56","modified_gmt":"2018-10-12T03:00:56","slug":"building-data-reveals-high-confidence","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/building-data-reveals-high-confidence\/","title":{"rendered":"Building data reveals high confidence"},"content":{"rendered":"<p>Latest data from the Victorian Building Authority (VBA) reveals strong confidence in the regional property market with a record number of building permits issued in the past financial year.<\/p>\n<p>The VBA report reinforces Real Estate Industry of Victoria (REIV) records of a buoyant regional property market, which continues to outperform Metropolitan Melbourne.<\/p>\n<p>For the second consecutive financial year, the value of building permits reported in Regional Victoria increased by a higher percentage than Metropolitan Melbourne.<\/p>\n<p>Comparatively, REIV data shows median house price growth in Regional Victoria increased four per cent in the June 2018 quarter but dipped by 0.6 per cent in Metropolitan Melbourne.<\/p>\n<p>In Victoria overall, the value of building permits for domestic houses increased 14.4 per cent to $19.8 billion comparing the 2016-17 financial year with 2017-18. The growth was even stronger for apartments with a 22.4 per cent increase to $6.5 billion.<\/p>\n<p>The top three municipalities in Regional Victoria by total reported cost of work in 2017-18 were predictably the major three cities of Geelong, Ballarat and Bendigo with $1.73 billion, $495 million and $449 million respectively.<\/p>\n<p>Next on the list was Surf Coast with $335 million, Bass Coast with $330 million, Baw Baw with $264 million, Mitchell with $250 million, Macedon Ranges with $232 million, Greater Shepparton with $221 million and Wodonga with $211 million in value of building permits reported to the VBA.<\/p>\n<p>The REIV website allows you to search detailed information on your local property market via our Market Insights page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest data from the Victorian Building Authority (VBA) reveals strong confidence in the regional property market with a record number of building permits issued in the past financial year. The VBA report reinforces Real Estate Industry of Victoria (REIV) records of a buoyant regional property market, which continues to outperform Metropolitan Melbourne. For the second [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/building-data-reveals-high-confidence\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":54,"featured_media":16220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-16170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Building data reveals high confidence - Bellarine 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\/bellarinetimes\/real-estate\/building-data-reveals-high-confidence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building data reveals high confidence - Bellarine Times\" \/>\n<meta property=\"og:description\" content=\"Latest data from the Victorian Building Authority (VBA) reveals strong confidence in the regional property market with a record number of building permits issued in the past financial year. The VBA report reinforces Real Estate Industry of Victoria (REIV) records of a buoyant regional property market, which continues to outperform Metropolitan Melbourne. 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