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Victorian homebuyers are set to nab a half price stamp duty discount in a bid to reignite the state’s property market under a $6 billlion Big Housing Build plan. The report measured median prices within school catchments over a 12-month period. Deal’s newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. The market for new homes typically cools in the fall, but sales are still running well ahead of last year’s pace. The country’s nine major residential markets have unsold units worth some Rs 6 lakh crore, according to a report in January by PropTiger. People will likely return to the office more quickly than expected and that will help boost the price of some commercial real estate, according to J.P.

Real Estate News

There were 1,791 homes scheduled for auction across the combined capital cities this week and of the 1,442 results collected so far, 73.6{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} have reported a successful result. The U.S. housing market continues to soften a bit in November, even though activity picked up in the week after the election. The central Victorian city is set to have a post-lockdown residential revival, with a rush of enquiries from Melbourne buyers. Get the latest news affecting Metro Vancouver’s real estate market. Real estate news, current interest rates, hot properties, buying and selling tips, sent to your inbox every other Saturday morning. A virtual event last week brought together ultra-high-net-worth individuals, family office staff/members and investors to discuss commercial real estate trends.

On Monday, Bengaluru-based RMZ Corp said it has sold 12.5 million of its real estate assets to Canada’s Brookfield for $2 billion, including its shared working business CoWrks. Last week, another Bengaluru developer, Prestige Group, signed an agreement with Blackstone to sell its rental income assets for around $1.6 billion.

Canada’s industrial real estate sector is thriving, according to a new report from Morguard, however, the same cannot be said of the country’s office space submarket. This year, no one could predict what would lie ahead for the housing market during the novel Coronavirus pandemic that spread across the globe like wildfire.

Florida Realtors is monitoring everything regarding how the COVID-19 pandemic is affecting the real estate industry and Realtors and sharing it here. The 2020 Florida housing market continued to amaze in October with a year-over-year increase of nearly 27{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} in single-family home sales and 30{8704f81107b584f493e88decf90659238c21f561fbbecd1b3b8ed03ce440a1aa} in the condo and townhouse category. Inventory remained tight, although not as tight as previous months. The volume of finance secured for the purchase of property experienced a strong rebound in the September quarter, following the initial shock to demand for housing in the first two months of the June quarter.