{"id":65505,"date":"2019-11-21T05:48:46","date_gmt":"2019-11-20T18:48:46","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/goldenplains\/?p=65505"},"modified":"2019-11-20T18:18:13","modified_gmt":"2019-11-20T07:18:13","slug":"land-values-jump-over-five-years","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/land-values-jump-over-five-years\/","title":{"rendered":"Land values jump over five years"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Peak real estate body head says increases make Victoria a good investment option.<\/strong><\/p>\n<p>A recent analysis by the Real Estate Institute Victoria on land values over the past five years has confirmed that Victorian property continues to go from strength to strength.<\/p>\n<p>Meanwhile, over the same period, the median property size has dropped slightly, meaning that Victorians are now paying more for less.<\/p>\n<p>REIV President Leah Calnan said while sales volumes have declined, continued strong demand across the state has resulted in consistent price growth.<\/p>\n<p>\u201cVictoria is home to some of the fastest-growing parts of Australia,\u201d Ms Calnan said. \u201cNine suburbs across regional Victoria have had their land value more than double since 2014.\u201d<\/p>\n<p>\u201cVictorian property is a growth asset. Anybody who bought into the market five years ago would have seen an amazing return.\u201d<\/p>\n<p>\u201cWhile real estate commentary often focuses on clearance rates, it\u2019s important to look at the how the long-term market is trending, as shown by the significant five-year change in land value per meter squared.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-65507\" src=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/wp-content\/uploads\/sites\/23\/2019\/11\/land-price-growth-211x300.png\" alt=\"\" width=\"211\" height=\"300\" srcset=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/11\/land-price-growth-211x300.png 211w, https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/23\/2019\/11\/land-price-growth.png 586w\" sizes=\"auto, (max-width: 211px) 100vw, 211px\" \/>The median price per square metre for undeveloped land in Victoria rose from $403 in 2014 to $535 this year, up 32.7 per cent.<\/p>\n<p>Over the same period an average block went from 730 square meters to 701.<\/p>\n<p>In Ballarat, Redan was up 78 per cent going from $247 to $446 per square over the five years, Golden Point went up from $511 to $869 or 70 per cent, while Brown Hill rose 66 per cent from $363 up $604.<\/p>\n<p>Meanwhile, Bannockburn in Golden Plains Shire jumped by 101 per cent, going from $355 to $711 per square meter.<\/p>\n<p>\u201cThese figures make for great reading. The regional Victorian real estate sector has demonstrated long term growth and stability,\u201d Ms Calnan said.<\/p>\n<p>\u201cIn signs of an improving market, we are again seeing increasing demand from interstate and international purchasers\u2019<\/p>\n<p>\u201cRegional Victoria experienced a larger drop in median land sizes than those in the city, but values have climbed.<\/p>\n<p>\u201cIn Central Victoria, Huntly provides great value with a median price of $562 per metre squared; competing with neighbouring suburbs in Bendigo.\u201d<\/p>\n<p>\u201cDarley near Bacchus Marsh in the western growth corridor, fell just short of also doubling its value, with a 99 per cent increase in median land value over the past five years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peak real estate body head says increases make Victoria a good investment option. A recent analysis by the Real Estate Institute Victoria on land values over the past five years has confirmed that Victorian property continues to go from strength to strength. Meanwhile, over the same period, the median property size has dropped slightly, meaning [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/goldenplains\/real-estate\/land-values-jump-over-five-years\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":129,"featured_media":65506,"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-65505","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>Land values jump over five years - Golden Plains 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\/goldenplains\/real-estate\/land-values-jump-over-five-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Land values jump over five years - Golden Plains Times\" \/>\n<meta property=\"og:description\" content=\"Peak real estate body head says increases make Victoria a good investment option. 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