Latest News

• Add My News • Search Old News

Gippsland › Latest news › Department of Primary Industries

Property prices – the rise continues

Property prices across Victoria maintained their upward trend during 2002, according to Victoria’s official property sales figures.

By Department of Primary Industries - 15th August 2003 - Back to News

The median house price in country Victoria for 2002 was $144,000 – up 19 per cent from $121,000 in 2001.

The 2002 figures - released by Land Victoria, Department of Sustainability and Environment - were compiled from Valuer-General Victoria’s (VGV) databases of property transactions in Victoria.

But Valuer-General Jack Dunham said the total number of sales in Victoria was down 8.3 per cent from 2001 and the value of those sales was almost $43.9 billion (down 1 per cent).

The Guide to Property Values 2002 provides a summary of sales activity for every local government area in Victoria. The data is collected through Notice of Acquisition forms lodged with the State Revenue Office and forwarded to the Valuer-General.

"The highest increase in regional Victoria was recorded in San Remo, up 69 per cent from $167,250 to $282,000.

"Venus Bay recorded the second highest increase with a median price up 60 per cent from $91,000 in 2001 to $145,500," Mr Dunham said.

Other areas that experienced increases included Timboon, up 59 per cent from $75,000 to $119,000; Meredith, up 57 per cent from $90,000 to $141,000; and Coronet Bay, up 55 per cent from $84,000 to $130,000.

"The highest metropolitan median house price increase was recorded in East Melbourne – 56 per cent for 2002 and an overall increase of almost 300 per cent since 1992," Mr Dunham said.

"Other suburbs showing strong growth included Eaglemont (51 per cent), Coburg East (47 per cent) and Research (46 per cent)."

A total of 59,454 sales, valued at more than $8.6 billion, were recorded in country Victoria last year. In 2001 that figure was $7.4 billion from 58,626 sales.

Copies of the guide are available at a cost of $55 from Land Victoria, Marland House, 570 Bourke Street, Melbourne, telephone 03 8636 2456, fax 03 8636 2494 or property.sales@dse.vic.gov.au

Movements in median prices in selected locations and property types

Metropolitan Melbourne - houses

Inner suburbs

Highest positive movement

Lowest positive movement

Middle suburbs - houses

Highest positive movement

Negative movement

Outer suburbs - houses

Highest positive movement

Negative movement

Units

Inner suburbs

Highest positive movement

Negative movement

Middle suburbs

Highest positive movement

Negative movement

Outer suburbs

Highest positive movement

Negative movement

Vacant Residential Lots

Middle municipalities

Highest positive movement

Negative movement

Outer municipalities

Highest positive movement

Lowest positive movement

Country Victoria - vacant residential land

Regional cities

Highest positive movement

Lowest positive movement

Coastal shires

Highest positive movement

Negative movement

Rural shires

Highest positive movement

Negative movement

Source: http://gippsland.com/

Published by: news@gippsland.com

• Danny O’Brien urges Gippsland landholders to understand new property taxes and reporting obligations effective from 1 January 2026
  Danny O’Brien urged Gippsland landholders to understand new property taxes and reporting obligations from 1 January 2026, warning compliance is essential to avoid penalties despite Nationals’ opposition.
• Bass Coast Council seeks community feedback on updated rating strategy ensuring fair property rates distribution
  Bass Coast Shire Council seeks community feedback on its updated Rating Strategy, ensuring fair distribution of rates across property types and considering a pensioner waste rebate before February 2026.
• Labor government's VicGrid laws pass with crossbench backing amid Nationals' warning of property rights erosion
  The Allan government's VicGrid laws passed with crossbench support, sparking Nationals' criticism over lost property rights, silenced regional voices, and overreach. The Nationals vow repeal in 2026 to restore landholder protections.
• Martin Cameron slams Energy Minister D'Ambrosio's false claims on power prices and jobs in Latrobe Valley
  Nationals MP Martin Cameron condemned Energy Minister Lily D'Ambrosio's claims of delivering for Latrobe Valley, citing soaring power prices, weak jobs growth, and neglect of residents during Victoria's energy transition.
• Serious crime rises reflect community concerns, worsened by Labor's cuts, weakened bail, reduced youth programs, says Melina Bath
  Crime in Eastern Victoria has reached a 20-year high, with Melina Bath condemning Labor's soft approach, police under-resourced, and The Nationals vowing stronger laws, prevention programs, and community safety reforms.
• Danny O’Brien warns 33 percent crime rise highlights Gippsland commuters’ safety concerns, lacking adequate PSO protection
  Crime on Gippsland public transport has risen nearly 33% in 12 months, raising concerns about PSO coverage and regional commuter safety under the Allan Labor government.
• Geoff Rossetti’s legacy continues as son leads Freedom of Entry March honouring Sale defence community
  Geoff Rossetti’s son will lead Sale’s Freedom of Entry march, honouring family legacy and the city’s longstanding Defence connection, with community celebrations continuing at Brennan Park on 19 October.
• Wellington Shire Council offers free green waste disposal to help residents reduce fire hazards this season
  Wellington Shire Council is urging property owners, particularly in coastal communities, to prepare for the fire danger period by taking advantage of its Fire Ready No-Fee Green Waste Disposal program.
• Danny O’Brien says July-September 2025 data shows Labor continues failing Gippsland’s critical emergency response
  Ambulance Victoria data shows Gippsland response times well below targets, with urgent calls for the Allan Labor government to improve staffing, resources, and performance to protect regional communities.
• Melina Bath urges safe driving, responsible camping across Eastern Victoria during busy Australia Day weekend celebrations
  Eastern Victoria MP Melina Bath urges motorists to drive safely and campers to follow regulations during Australia Day weekend, respecting fire warnings, the environment, and local community events.
• Melina Bath statement wishes year 12 students across Eastern Victoria success in exams and future endeavours
  Melina Bath wishes all Year 12 students in eastern Victoria good luck for exams, encouraging pride in achievements, resilience, and success in future studies, work, or apprenticeships.
• Parliamentary Inquiry into the 2026 summer fires across Victoria, make a submission by 15 March 2026
  Parliamentary Inquiry launched to scrutinise Victoria’s 2026 bushfire preparedness, planning, and emergency response across regional communities.
• Life Saving Victoria launches 2030 Strategic Plan and 2024/25 Annual Report, advancing water safety across Victoria
  Life Saving Victoria launches its 2030 Strategic Plan and 2024/25 Annual Report, highlighting achievements, community impact, and a bold vision to prevent drowning and enhance water safety statewide.
• Life Saving Victoria 2024-25 Drowning Report reveals alarming increases, with 52 deaths and 123 non-fatal incidents
  Life Saving Victoria’s 2024-25 Drowning Report reveals 52 deaths and 123 non-fatal incidents, exceeding 10-year averages, with rises among youth, seniors, multicultural communities, and during traditionally cooler months.
• Danny O’Brien met residents across nine towns over two days, holding more than 20 discussions on their concerns for the shire
  Danny O’Brien met residents across nine Gippsland South towns, discussing cost-of-living pressures, infrastructure, farming challenges, and local priorities, committing to ongoing advocacy and future mobile office visits.
• Victoria leaders tour proposed Hastings terminal highlighting region’s central role in offshore wind future
  Regional leaders toured the proposed Hastings Renewable Energy Terminal, highlighting its crucial role in Victoria’s offshore wind strategy and clean-energy transition, with industry, government and communities collaborating for regional benefits.
• Eastern Victoria to receive over $1M for improved walking, cycling, and regional transport links
  Eastern Victoria communities will benefit from over $1 million in funding for walking, cycling, and bus stop upgrades, improving local transport links through the Labor government’s Flexible Local Transport Solutions Program.
• Crime in Victoria surges to record highs under Allan Labor, leaving communities less safe, says Tim Bull
  Crime in Victoria has reached record levels under the Allan Labor government, with rising offences and family violence, police under-resourced, and weakened laws leaving communities increasingly unsafe, says Tim Bull.
• Life Saving Victoria urges parents to continue children’s swimming lessons to meet water safety benchmarks and prevent drowning risks
  Life Saving Victoria warns many children to stop swimming lessons early, falling short of water safety benchmarks, urging parents to continue lessons to ensure skills, safety, and survival in pools and open water.
• Life Saving Victoria urges parents to continue children’s swimming lessons to meet water safety benchmarks and prevent drowning risks
  Life Saving Victoria warns many children to stop swimming lessons early, falling short of water safety benchmarks, urging parents to continue lessons to ensure skills, safety, and survival in pools and open water.
• Life Saving Victoria launches multilingual campaign to protect older adults around water, heat and rip currents
  Life Saving Victoria has launched a multilingual campaign to help older adults, especially from multicultural communities, stay safe around water and during extreme heat across Victoria.
• Melina Bath celebrates Victorian farmers’ dedication and contributions during National Agriculture Week 2025
  The Nationals’ Melina Bath highlights Victorian farmers’ hard work, resilience, and vital contributions during National Agriculture Week, urging support for primary producers and celebrating their role in communities and the economy.
• Life Saving Victoria urges water safety precautions as heatwave drives crowds to beaches and pools
  Life Saving Victoria warns Victorians to prioritise water safety during this week’s 40°C heatwave, swim at patrolled locations, supervise children, avoid alcohol, and always swim with a friend.
• Life Saving Victoria report reveals alarming 52 deaths, 123 drownings, urgent water safety action needed
  Life Saving Victoria’s 2024-25 Drowning Report reveals 52 deaths and 123 non-fatal drownings, with rising incidents among youth, seniors, multicultural communities, and outside traditional summer months, urging urgent water safety action.
• Life Saving Victoria urges vigilance over Easter holidays after record drowning deaths last year
  Life Saving Victoria warns Victorians to stay alert over Easter holidays, urging safety at beaches, pools, and waterways after last year’s record 13 drowning deaths nationwide.
• Tim Bull says Victoria can’t manage current parks, criticising government plans to further expand network
  Tim Bull says expanding Victoria’s national parks is irresponsible, arguing existing parks are neglected, understaffed and overrun by pests, weeds and feral animals, with reduced funding making effective land management increasingly impossible.
• Peri Urban Councils Victoria urges federal action on black and grey telecommunication spots to support regional sustainability and growth
  Peri Urban Councils Victoria urges federal action on black and grey telecommunication spots, highlighting risks to communities, emergency warnings, and the need for essential infrastructure recognition and targeted investment.
• Southern Rural Water upgrades over meters across Gippsland to improve accuracy and fair water management
  Southern Rural Water is replacing 1,000+ outdated meters across southern Victoria by 2026, boosting accuracy, compliance, and fair water management under national standards - with no cost to customers.
• Melina Bath urges eastern Victoria residents to prepare properties and plans for heightened bushfire risk this summer
  The Nationals’ Melina Bath urges eastern Victoria residents to prepare properties, review Bushfire Survival Plans, and stay informed to reduce risk and protect families, pets, and communities this summer.
• Peri-urban councils warn Gippsland housing crisis threatens productivity and federal economic ambitions
  Peri Urban Councils Victoria warns soaring prices and falling approvals are hurting productivity, urging federal and state governments to fund infrastructure reforms to unlock peri-urban housing supply and ease affordability pressures.
• Peri Urban Councils Victoria reflecting on 2025 year of growth, advocacy, and stronger Peri-Urban communities
  As 2025 ends, PUCV reflects on a productive year of growth, advocacy, and connectivity improvements, thanking member councils and supporters, while preparing an ambitious agenda for 2026 and beyond.
• Melina Bath blames Allan government as Victoria's public housing waitlist surges amid worsening housing crisis
  Victoria's housing crisis deepens as public housing waitlists surge past 60,000. Melina Bath blames the Allan government's inaction, rising taxes, and mismanagement for worsening homelessness and unaffordable rents across the state.
• Health Care Australia to deliver immunisation services across Baw Baw, Casey and Cardinia Shires starting 1 July 2026
  Health Care Australia will manage immunisation services across Baw Baw, Casey, and Cardinia, offering National Immunisation Program vaccines, streamlining administration, improving efficiency, and providing access and flexibility for residents.
• Melina Bath warns diesel crisis threatens regional Victoria, urging Allan government to prioritise agriculture, transport and food
  Melina Bath warned regional Victoria faces a diesel crisis, urging the Allan government to prioritise fuel for farms, transport, and households to protect food supply and regional economic stability.
• Danny O’Brien criticises ongoing social housing maintenance delays leaving vulnerable Gippslanders waiting far too long
  Danny O’Brien warns ongoing delays in social housing maintenance leave vulnerable Gippslanders waiting months, highlighting a vacant Foster property and urging timely repairs and better decision-making to address shortages.
• Wellington students explore aviation careers through industry tour across Sale and Longford facilities on 17 March 2026
  Students from across Wellington Shire have taken a hands-on step into the world of aviation, experiencing firsthand the career opportunities available right on their doorstep through an Aviation Taster Tour hosted by Wellington Shire Council.