There is much written about the faltering Victorian property market and whilst som
e predict the market will remain lack lustre and even experience further declines in the year ahead it is not all doom and gloom when it comes to Melbourne’s property market. Whilst wider concerns over job security in the manufacturing sector and sluggish consumer spending are weighing on the market as a whole, clearance rates show that some suburbs are clearly fairing well in a soft market.
Enzo Raimondo
Chief Executive Officer - REIV
Chief Executive Officer since 2000, Enzo Raimondo is the dynamic force behind – and the public face of – the REIV.Enzo Raimondo has led the Institute to become the authoritative source of information for the Melbourne and Victorian property market. He is a regular commentator in the media, within the industry and to the wider community.Before moving to Melbourne, Enzo was the CEO of the Real Estate Institute of South Australia.He is a Director of RealestateVIEW.com.au, an online property listing site in which the REIV is the controlling shareholder; a Member of the Australian Institute of Company Directors; a Fellow of the Australian Institute Of Management; and a Member of National Association of Realtors (USA).
Articles by Enzo Raimondo
May 11, 2012
Clearance rates show there is still strong appetite in the Melbourne property market
January 27, 2012
Welcome news for Victorian vendors with median prices on the rise
REIV December quarter median prices reveal that house and unit values have remained 
relatively stable over the quarter. The median house price in metropolitan Melbourne was $550,000, representing a minor increase of 1.9% from a revised September quarter median of $540,000.
The top 10 growth suburbs in the REIV’s December quarter medians are listed below. › Read full article
October 17, 2011
Melbourne median house price $551,000 in September quarter
The REIV’s September quarter market update shows that the median house price in metropolitan Melbourne has dropped to $551,000.
Concerns about the international economy and negative consumer sentiment have translated into reduced demand and a lower median.
This serves as another reminder that the state of the housing market is directly linked to the health of the economy. Despite evidence that the local economy continues to outperform many of our trading partners, we are now experiencing a soft housing market.
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Polls
If the RBA lowered interest rates, would this give you confidence to enter the property market?
- Maybe (56%, 24 Votes)
- Yes (28%, 12 Votes)
- No (16%, 7 Votes)
Total Voters: 43
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May 15, 2012
Victorian State Budget: Improved Assistance for all First Home Buyers
With the recent announcement of the Victorian State Budget, many home buyers are
anxious as to how they will be affected. The Victorian Government seems to have taken notice of the sluggish property market, and as a result has changed the way in which they will be assisting first home buyers, so that more people benefit.
› Read full article