Those who own real estate in Bentleigh should be ecstatic to find find out that the suburb's median house price is within $20,000 of breaching the $1million mark. For those looking to sell their homes in the coming months, now could be a great time to begin looking into your sales options across the Glen Eira region.
RP Data Victoria Housing Market specialist Robert Larocca said the latest list of million dollar suburbs recently rose to 50, which come as no surprise as Melbourne's property market continues to strengthen. Population growth and construction starts are helping to expand the landscape, alongside the overarching economic development happening nationwide.
Mr Larocca went on to say that Bentleigh has seen 97 homes sell for over $1million over the last 12 months – clear evidence of the upwards swing occurring in the region.
If you're interested in selling your Bentleigh real estate, get in touch with Matt Hurlston at Ray White Carnegie. The coming months could offer a ripe market to take advantage of, in order to earn a significant return on your home – so start checking out your sales options in Carnegie today.
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Article Source : Click Here Nerida Conisbee – Chief Economist In property markets, price pressure usually flows like water – when buyers can’t afford their preferred suburb, they move to the next-best alternative nearby. This “spillover effect” drives faster price growth in adjacent, cheaper areas as displaced demand seeks similar … Read more