How Vic’s housing crisis is hitting the cost of milk
Victoria’s dairy industry supplies 63 per cent of Australia’s milk but is struggling to house its own workers as rents, home prices rise. It’s put a call out for innovative solutions.
Victoria’s dairy industry supplies 63 per cent of Australia’s milk but is struggling to house its own workers as rents, home prices rise. It’s put a call out for innovative solutions.
The average wage in almost every Melbourne suburb is no longer enough to for families to buy a house in their own neighbourhood. But one banking rule change could have a surprising impact.
When is the best time to sell your home to make a motza? According to property experts, it all comes down to this very simple metric.
Buyers seeking a slice of Italy or the South of France will find bliss at this Victorian mansion named Cambio Al Mar but they’ll have to top the local house price record to get it.
Melbourne homebuyers with $1m to spend are getting a rude shock this Easter as the city’s housing market leaves less and less available for seven figures. See which areas are being hit hardest.
Empty nesters have locked thousands of family homes away from Victoria’s struggling housing market and experts say it’s time for the government to act.
MasterChef judge Andy Allen’s multimillion-dollar new home has been revealed, complete with a pool, two kitchens and some serious architectural flair. Take a peek.
A high profile Melbourne businessman is selling the Collingwood pub where he’s kept a liquor license paid for six years, despite it not serving a drink since 2019. Find out why.
Prominent horse racing figures Darren and Elizabeth Dance have sold their sprawling thoroughbred stud where 10 Melbourne Cup runners have lived and been trained.
The Port Melbourne fish and chip shop Rex Hunt opened has sold after it hooked a new owner for a sum not even the famed angler and footballer would have kissed and sent back.
A Melbourne couple have revealed how they tackled an exhaustive renovation on the Werribee home where they got engaged and almost doubled its price in just five years. See the photos.
A Great Ocean Road home once deemed unbuildable due to its location in a designated bushfire ‘flame zone’ is among the coastal homes in line for architecture awards.
Experts have weighed in on the real reasons Australia is in crisis and the only option to get us out is the one thing no politician dares touch.
How relaxing home lending rules could increase the number of Geelong suburbs affordable to house hunters previously priced out of the market. SEARCH YOUR SUBURB
It’s the issue causing thousands of Aussies to struggle and, for many, the worst is still ahead. Now, experts are calling on the government to do more to address it ahead of the election.
Quality rises to the top as an Edgewater residence sets biggest price for 12 months for an established apartment in central Geelong.
A Melbourne couple have revealed their plans to turn a regional Victorian getaway spot complete with a light-up dome into an Airbnb goldmine. Take a peek around the incredible property.
Melbourne landlords could be set for a $780 annual boost after a six-month rental trend was reversed in the first three months of this year. But their gains will come at a major cost for tenants.
Geelong developer Wayne Jennings wins approval for $90m riverside development creating 57 apartments and 17 townhouses after council switched to support Newtown project.
Plans to dramatically increase home building in regional Victorian cities would add to price woes facing homebuyers without reforms to land supply, building costs, a new report shows.
Aussie families are now struggling on a household income which was once considered a high salary.
A Melbourne family who specifically made sure their first home was big enough to raise two kids have revealed the disheartening reason their second child is likely to be delayed.
Consumer Affairs Victoria’s rental task force has been hit with a complaint a day since it was established a year ago, and dodgy landlords are facing pricey consequences.
A major retail and lifestyle hub is set to reshape one of Melbourne’s fastest-growing suburbs. Find out which major retail players are coming in.
If you live in one of these 40 Australian suburbs, the chances are you’ll be laughing all the way to the bank. The newest list will shock you.
Demand for scarce industrial land continues to drive big deals, with a private buyer securing a $21m site in Melbourne’s booming western corridor. Find out who.
A pair of first-home buyers have scored a 105-year-old house in Melbourne’s western suburbs, defeating other buyers including families and downsizers.
Four bidders were locked in a drawn-out auction for the modern block of six apartments near Geelong’s waterfront, resulting in a sub-$4m sale.
Prior intel helped an interstate buyer moving to be closer to family to scope this East Geelong cottage. Two buyers contested the two-bedroom house that sold for more than $700,000.
The hidden lives of MAFS stars have been exposed as their lives after the show continue to create turmoil.
A South Yarra house with envy-inducing features from a 12-car garage to a rooftop pool and deck has had its price slashed by millions — but would still take a lottery win to buy. Take a peek.
New owners can put their own stamp on an inner-Geelong character home that was snapped up after just eight days on the market amid a mountain of interest.
A trio of first-home buyers had free run to compete for a bargain-priced, “very original” Highton home as the work required turned off potential investors.
A Melbourne landlord is offering a $3000+ sweetener for their tenants who decide to shack up together in a move that’s raised eyebrows among relationship experts and tenancy groups.
From mining magnates to billionaire bigwigs, Australia’s wealthiest have made some record-breaking real estate moves over the years with sales as high as $140m.
A house set amid a secret garden, complete with ponds, a gazebo, conservatory and outdoor spa — just a stone’s throw from Hepburn Regional Park — has hit the market.
Exclusive data has revealed which Aussie PMs walk the walk or just talk the talk when it comes to fixing our housing shortages.
A former bootmaker’s store where a young Ned Kelly fought with police officers, including the constable he would murder about a year later, is on the market in regional Victoria.
Artist Vonne Beyer was over the moon when her house in Melbourne’s north west fetched a price way above reserve on the weekend – but she will miss her garden, studio and creek views.
A run down, graffitied house in Melbourne’s inner north where squatters lived for about a decade has delivered a stellar auction result for the family who have owned it for more than a century.
Horror new figures show the entire average Melbourne wage is now barely enough to cover soaring grocery, utility and petrol and mortgage costs. And it’s causing big problems for families.
Property experts have warned new activity centres around Melbourne are years away from financial viability, with massive gaps between what buyers can afford and the cost to build.
Melbourne homebuyers are set for a bumper weekend of auction action, with a bonanza 1400+ homes to go under the hammer. It comes amid a pre-Easter property listing surge as prices rise.
A crumbling inner-city home with no bathroom and decades of dust, has sold for an extraordinary $500,000+ beyond expectations thanks to a determined doctor.
Strong rental incomes underpinned by population growth is drawing buyers to medical and allied health properties in Geelong.
“You give me one more bid, I’ll call Liam Neeson for you”. A Melbourne house that Hollywood actor Liam Neeson reprised his role in Taken to help promote has had a thrilling conclusion.
The winning bidder secured the original Bell Post Hill house on the third attempt to break in to the suburb. The five-way auction added $78,000 to expectations.
There’s a hidden factor why some Australian properties just don’t sell and the reason is unexpected.
Australian experts have lifted the lid on when people can expect a string of interest rate cuts – and it’s sooner than most think.
Melbourne’s CBD is set to be taken over by new restaurants and bars as shock figures show they are chewing through the city’s vacant retail shops ahead of the Metro Tunnel’s completion.
The hidden base where Aussie TV classics like Kath and Kim were cut is now for sale. Find out where.
Bidding heated up for a charming Preston home as a surprise move from one couple got the owners more than they expected.
A housing expert has marked 12 Australian suburbs with red flags, claiming you should avoid these areas at all costs.
The Stella Maris apartment development above Corio Bay is setting records as it takes shape to open for the first residents to move in late 2025.
A major shift in what Aussies want for themselves and their families is dramatically reshaping our cities and our lifestyles.
Aussies are fed up with a key feature of their home that has dominated properties for decades and they should be spending money on something else entirely.
One of Australia’s most romantic and architecturally significant homes has hit the market.
A young couple thought they’d budgeted smart — until one quiet cost started spiralling out of control. Here’s what every young homeowner needs to know.
A private gallery featuring a sculptural spiral staircase offers an eye-popping introduction to this David Seeley designed home in a spectacular Anglesea setting. SEE INSIDE
One key election promise is expected to change everything about the housing market. Here’s what you need to know.
A sleek family home drew fierce competition as local buyers outbid interstate rivals in a fiery auction in Melbourne’s north.
It took 80 bids to separate four bidders before the new owner of a single-fronted timber bungalow in Geelong West was decided.
A former Salvation Army hub in Belmont could be redeveloped or reopened as emergency housing after sitting vacant for years.
Young families put their best foot forward as five bidders added $95,000 on top of the sellers’ price hopes for this renovated Belmont home.
A custom courtyard wall inspired by memories of Italian holidays brings a taste of the la dolce vita when entertaining at this sought-after bayside address.
A Melbourne western suburbs auction ended up being an emotional battle as multiple bidders fought for a much-loved home. Find out more.
If you make this common mistake when selling your home, you could be costing yourself plenty, real estate experts say. Here’s why.
A prominent Camberwell Junction building that’s now home to the popular Meat & Wine Co restaurant, co-founded by steak king Bradley Michael, is for sale. See how much it might sell for.
Five bidders pushed the price about $50,000 above expectations for this modest brick veneer house in Geelong West.
A city-fringe apartment complex offers buyers the chance to avoid building pains and secure a fully-leased property close to the waterfront.
Residents in some of Melbourne’s blue-chip suburbs are copping the worst of shock insurance hikes, and you may be surprised at what else is driving the surge. SEE PREMIUMS BY AREA
An award-winning designer’s bold coastal retreat, created by one of Australia’s top architects is up for sale — and it’s unlike anything else on the Mornington Peninsula. SEE INSIDE
A sleek renovation, prime school zoning and lush outdoor living spark serious buyer interest in this Mount Waverley gem. See the pics.
Almost 130 Victorian suburbs experienced a rise in their median house prices in the past quarter, with some experts suggesting the state’s real estate market could be at an inflection point.
Before White Lotus fans may be floored by the show’s finale, they might be shocked at what else is inside long-time character Gary (aka Greg)’s stunning Thailand mansion. SEE INSIDE
Famous chef and TV presenter Adrian Richardson operated the La Luna restaurant in Carlton North for 26 years. Now, the site has sold to a new owner. Find out what their plans are.
Aussie Amart furniture founder John Van Lieshout has sold his country estate for a new record price, with the property snapped up by a well-heeled local family.
The family behind one of Melbourne’s biggest family-owned car dealerships are splitting up a sprawling Mornington Peninsula holding they spent decades collecting.
An equestrian area, pool and bar await the new owner of a sprawling property in Melbourne’s outer east. But wait until you see what’s behind the secret passage hidden behind a bookshelf.
New data reveals 31 Geelong suburbs and towns where the median house or unit price has risen in 2025 as some experts say the property market has turned.
Original URL: https://www.news.com.au/finance/real-estate/melbourne-vic