MARKET UPDATE 4TH JANUARY 2024

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