Sell with Confidence
Read More

Bentleigh real estate in review: How did 2015 go?

By Matt Hurlston

In his wrap of the 2015 year in property, Real Estate Institute of Victoria CEO Enzo Raimondo said it was one of the best years on record. Growth is good, and investors will be very pleased with overall conditions. But what about specifically in our corner of the market?

Let’s take a look at the figures, and see just how real estate in Bentleigh shaped up this year.

Bentleigh real estate by the numbers

As of November 2015, Residex figures show that the median house value in Bentleigh was $1.26million. That’s an incredible 21 per cent growth over a 12 month period, and means capital gains that any property investor would be thrilled with. According to the research company, that gets you a three-bedroom home with two bathrooms and space for parking two cars.

Unit growth isn’t as strong as it is for houses, but it’s still very healthy, at eight per cent. The median value of a unit or apartment now sits at $622,000. With 91 sales estimated to have taken place over the previous three months, it’s been a good spring. If 2016 carries on in this fashion, there could be some great returns for anyone looking at local real estate.

Yields remain steady

One of the tradeoffs of such sustained capital growth is diminishing rental yields, but these have remained fairly stable across real estate in Bentleigh. The Residex report indicates that yields are three per cent and four per cent for houses and units respectively.

It looks like capital gains are where the profits are at currently, which could be something to keep in mind if you’re shopping for local property in the new year. Before you get out there, make sure to get in touch with Matt Hurlston at Ray White Carnegie – he’s got the information and insight you need!

Up to Date

Latest News

  • How To Style Your Rental Property

    With home ownership becoming unobtainable for some people, many find themselves renting whilst saving for their dream homes. Sometimes living in a space that seems a little outdated can be overwhelming, but there are ways to breathe new life into your new abode. Be proud of the space you live in … Read more

    Read Full Post

  • The Royal Children’s Hospital

    The Royal Children’s Hospital (RCH) is one of Australia’s biggest and busiest hospitals specialising in paediatric care. Ranked number fifty-three in the world, the Royal Children’s Hospital offers twelve wards, three hundred and fifty beds and employs over six thousand staff. The RCH aims to provide the greatest level of … Read more

    Read Full Post