MARKET UPDATE 4TH JANUARY 2024
By | 4th Jan 24

The start of the year sees Victorian property owners being slugged with more taxes. From 1st January 2024, over 380,000 Victorian property owners will now hit by a new tax and the government coffers will be fuelled by $1 billion more than expected.

https://www.heraldsun.com.au/news/victoria/parliamentary-budget-office-figures-show-expanded-land-tax-scheme-is-set-to-rake-in-55bn/news-story/6742535151896fca11a495e1d3895879?utm_source=&utm_medium=&utm_campaign=&utm_content=&net_sub_id=472341521&type=free_text_block&position=1&overallPos=4             

Middle eastern suburbs continue to see strong demand for renovated or turnkey properties. A house in Pope Road, Blackburn with 5 bedroom family accommodation on 589 sqm land sold for $2,430,500.

https://www.realestate.com.au/sold/property-house-vic-blackburn-143679472        

Water views are always popular with buyers and in strong demand. A house in Cumberland Drive, Maribyrnong with river views sold for $2.41 million recently.

https://www.realestate.com.au/sold/property-house-vic-maribyrnong-143717008