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Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
The unexpected Victorian regional towns that jumped in the past year
Rents are higher than a year ago in almost every regional Victorian local government area (LGA), with scarcity driving double-digit hikes in some of the state's more remote towns. Experts say affordability constraints are forcing renters to look beyond not only Melbourne and commuter belt centres like Ballarat and Bendigo, but to far-flung regional towns in search of homes they can afford. Swan Hill recorded the highest annual growth in asking rents of all Victorian regional LGAs, rising 14.3 per cent to a median $480 a week in the 12 months to June, according to Domain's latest Rent Report released on Thursday. A year ago, rents were $420. Other areas that recorded the strongest growth are located more than 250 kilometres from Melbourne, including Wodonga (12.2 per cent), the Alpine Shire (11.8 per cent), Mildura (11.6 per cent), and Warrnambool (10 per cent). Wodonga jumped from $490 to $550, and Alpine climbed to $520. Rents in Mildura and Warrnambool also hit $480 and $550, respectively. Loading By contrast, some of the state's most popular regional towns closer to Melbourne recorded far smaller increases: Greater Geelong rose 2 per cent, Hepburn 1.1 per cent Macedon Ranges 2.1 per cent and Ballarat was steady. Dr Diaswati Mardiasmo, chief economist at PRD, said the biggest driver of rent growth in remote LGAs is a lack of supply. 'In many of these areas, the number of houses rented has decreased 30 per cent in 12 months. Which means that there's a scarcity in rentals and that's what's driving up prices,' she said.
The Age
6 days ago
- Business
- The Age
The unexpected Victorian regional towns that jumped in the past year
Rents are higher than a year ago in almost every regional Victorian local government area (LGA), with scarcity driving double-digit hikes in some of the state's more remote towns. Experts say affordability constraints are forcing renters to look beyond not only Melbourne and commuter belt centres like Ballarat and Bendigo, but to far-flung regional towns in search of homes they can afford. Swan Hill recorded the highest annual growth in asking rents of all Victorian regional LGAs, rising 14.3 per cent to a median $480 a week in the 12 months to June, according to Domain's latest Rent Report released on Thursday. A year ago, rents were $420. Other areas that recorded the strongest growth are located more than 250 kilometres from Melbourne, including Wodonga (12.2 per cent), the Alpine Shire (11.8 per cent), Mildura (11.6 per cent), and Warrnambool (10 per cent). Wodonga jumped from $490 to $550, and Alpine climbed to $520. Rents in Mildura and Warrnambool also hit $480 and $550, respectively. Loading By contrast, some of the state's most popular regional towns closer to Melbourne recorded far smaller increases: Greater Geelong rose 2 per cent, Hepburn 1.1 per cent Macedon Ranges 2.1 per cent and Ballarat was steady. Dr Diaswati Mardiasmo, chief economist at PRD, said the biggest driver of rent growth in remote LGAs is a lack of supply. 'In many of these areas, the number of houses rented has decreased 30 per cent in 12 months. Which means that there's a scarcity in rentals and that's what's driving up prices,' she said.
India Gazette
07-07-2025
- Climate
- India Gazette
Kerala: Vice President Jagdeep Dhankhar's Guruvayur visit cancelled due to heavy rains
Thrissur (Kerala) [India], July 7 (ANI): Vice President Jagdeep Dhankhar's scheduled visit to the Guruvayur Temple in Kerala's Thrissur was cancelled on Monday due to inclement weather, officials said. According to communication from the Kerala Public Relations Department (PRD), the Vice President's helicopter, which was en route to the Sree Krishna College helipad, was forced to return to Kochi because of heavy rain and adverse weather conditions. Following the cancellation, the Vice President is now expected to depart for New Delhi at 12.35 pm today, the statement added. The Met Centre Kerala has issued a yellow alert for all districts of Kerala. As of the latest prediction valid till 1 pm, Thrissur will witness moderate rain today. The India Meteorological Department on Sunday said that strong surface winds (speed reaching 40-50 kmph) is very likely to prevail over South Peninsular India during next 5 days. It added that light to moderate rainfall at many or some places over Kerala and Mahe, Lakshadweep, Karnataka, Telangana; isolated to scattered rainfall accompanied with isolated thunderstorm, lightning over Coastal Andhra Pradesh & Yanam, Telangana and Rayalaseema likely to occur during next 7 days. Vice President Dhankhar arrived in Kochi on Sunday for a two-day visit to Kerala. He was received at the Cochin International Airport by Kerala Governor Rajendra Vishwanath Arlekar and State Industries Minister P Rajeev. He is accompanied by his wife, Sudesh Dhankhar, on this official tour. Earlier, the Vice President's Secretariat had stated that Dhankhar would offer prayers at the Guruvayur Temple during his visit and interact with students and faculty at the National University of Advanced Legal Studies (NUALS), Kochi. Earlier last week, Vice President Jagdeep Dhankhar addressed a public gathering at 'Sneh Milan Samaroh' in Jaipur and highlighted that national interest should be above party politics. At the 'Sneh Milan Samaroh,' the Vice President said, 'When we travel abroad, there is no ruling or opposition party; we only represent Bharat, and this has now been demonstrated. This step shows that for us, the nation is supreme. National interest is our duty, Bharatiyata is our pride.' 'Whenever India is the topic, we do not stand divided. Political differences exist within the country, but there are no personal animosities. This is a powerful message that everyone must understand,' he said. (ANI)
Time of India
05-07-2025
- Time of India
PRD worker slapped with forgery case
Haridwar: A Prantiya Rakshak Dal (PRD) worker posted at Haridwar court has been accused of forging stamps and signatures of judicial magistrate's presiding officer allegedly to facilitate the release of impounded vehicles. Following an internal investigation conducted by the court authorities, a formal complaint was lodged against Arif, the PRD worker, at the SIDCUL police station on Saturday. As per an internal inquiry by court, an invoice (challan) slip was forged using a fake signature and stamp of the court's presiding officer to release several vehicles seized by RTO Haridwar on various occasions. A case was registered following a complaint given by the clerk of judicial magistrate court-II under BNS sections 318 (4) (cheating), 336 (3) (forgery), 338 (forgery of valuable security, wills, and other related documents), and 340 (2) (offense of using a forged document. ..). SIDCUL SHO, Manohar Bhandari, said, "We've registered a case against the PRD worker. More could be involved in this case of forgery. Details of seized vehicles have been sought from RTO department. Investigation is on, and action will be taken accordingly."
ABC News
28-06-2025
- Business
- ABC News
New limits for short-stay accommodation proposed in Whitsunday region
Tourists in some of Australia's favourite winter holiday destinations could soon face new limits on where they stay, as local governments crack down on short-term accommodation. Changes proposed by the Whitsunday Regional Council, which includes popular north Queensland tourist hub Airlie Beach, would zone accommodation rented through companies like Airbnb or Stayz away from residential suburbs. Mayor Ry Collins said the proposed limits were the result of years of community feedback. "You obviously don't want to see residents who are living and working here displaced because they can't get a rental or accommodation in the area." Data from real estate company PRD shows the region had a rental vacancy rate of 1.4 per cent in December, well below the Real Estate Institute of Australia's "healthy" benchmark of 3 per cent. A council housing report in August stated rental availability had declined by 15 per cent across the region over the past two years, stating that "unprecedented" housing supply shortages and cost increases had "worsened considerably". In the leafy Whitsundays suburb of Cannonvale, Debra Burns, 63, said preventing more short-term accommodation properties in her area would ensure the idyllic region could support its residents. "A party house can be some hard-working people getting away for a few days with their families, just having a good time," she said. Further north in Townsville, dwellings advertised as short-stay accommodation for more than 30 days a year will now be charged commercial rates, rather than residential, in an update to the rates structure introduced by the city council in this year's budget. In Cairns, short-term accommodation is permitted in the central city area, but is subject to council approval in low-density suburbs. It comes as new data shows investors in the tropical holiday property market are generating some of the largest returns in the country. The Whitsundays topped international holiday letting analyst AirDNA's list of top-performing regions for short-term rentals in April, where owners are generating annual revenue potential of $141,372. A statewide review of the impact of short-term accommodation on the housing market, commissioned by the Queensland government in 2023, found it was a relatively minor contributing factor to the overall housing crisis. The biggest impact was found in localised areas with a high concentration of short-stay dwellings, such as in popular tourism destinations like the Gold Coast, the Whitsundays, Townsville and Cairns. A lack of supply was the main driver of the state's housing affordability and availability issues, the review found. Cr Collins said while the council's proposed changes were not a cure-all to the housing crisis, he hoped they would help separate the strong demand for short-term stays from residential housing stock. "It is really to create better definition around where exactly we want to see short-term accommodation occur and really define those key tourism precincts," he said. "We want to ground truth it and make sure it's in line with what the community expects." The changes are open to community consultation until July 26, before they go to the state government for final approval.
