Wangaratta rents to rise, says report
Wangaratta is one of the top 20 “suburbs” in Victoria where rents are likely to increase in the next year, according to a new report. A research report by moving company HOOD.ai said Wangaratta’s low vacancy rate of 0.8 per cent and recent increases in rental costs are signed rental prices will grow over the next 12 months. According to the report, unit rents in Wangaratta increased by 24 per...
Buying frenzy keeps buzzing!!
The house buying frenzy in Wangaratta is continuing with first home buyers and investors cashing in on record high prices in the rural city. Morris Bros Real Estate property development manager Rob Bell said all types of properties are changing hands including lifestyle properties that remain in strong demand, with many local buyers and around 20 per cent from metro or interstate. He said resi...
Commercial Tenancy Relief
The Victorian Government has extended the Commercial Tenancy Relief Scheme (CTRS), providing rent relief and protections for commercial tenant and landlords experiencing hardship through the latest wave of the pandemic. The CTRS was created in 2020 and reintroduced in July 2021 to support small to medium businesses. It will be extended to March 15, 2022 to provide further financial relief and s...
Edi property fetches $5.6m!
A MAJESTIC 125-hectare King Valley property has sold for a record price of $5.6 million at the weekend with a Wodonga buyer snapping up the much sought-after gem. Sold at auction by Morris Bros Real Estate, which attracted 22 registered bidders, the Edi property fetched a record per hectare price of $44,800. Bidding started at $4.5 million and was increased at $50,000 increments. Morris Bros a...
King-sized Sales Result!
A KING Valley property has set a new regional high in the ongoing rural land boom when sold for $5.6 million at auction on Saturday. The 125-hectare property between Moyhu and Whitfield went for a staggering $44,800 per hectare, eclipsing the recent $42,666 per hectare sale achieved for a farm in the Upper Murray. Selling agents Morris Bros from Wangaratta were blown away by the final result ...
PEAK FOOTBALL
Morris Bros are proud to announce that we are one of the major sponsors for Peak Football. What a great program for the Wangaratta community!!
Rental reform a change for all parties
NEW rental laws have come into play this week to better guard the rights of tenants and landlords.They are changes that a local real estate agent believes could make the leasing landscape trickier for private landlords to navigate rental agreements. Rob Bell, Business Development Manager at Morris Brothers Real Estate, said the rental market in Wangaratta is booming with his agency currently a...