Earlier this month, the latest CoreLogic RP Data Hedonic Home Value Index for November was released.This highlighted the slight drop in Melbourne house values over the month, which could be great news for those interested in buying real estate in Bentleigh East in the coming months.
The report found that capital cities nationwide experienced a slowing down of value growth over November, as prices began to moderate to a more sustainable level. Specifically, Melbourne saw median prices drop by 2.6 per cent over the month – which could be wonderful news for buyers hoping to secure a great deal in the Victorian capital.
With the median price currently resting at $568,500, CoreLogic RP Data research analyst Cameron Kusher pointed out that this decrease is further evidence of the stabilising market, following explosive increases in value earlier this year.
"Although Sydney and Melbourne appear to have moved through their peaks, capital growth these two cities have consistently been the main driver of value growth over the past 12 months," said Mr Kusher in a 1 December statement.
With prices mellowing out, now could be a great time to get in touch with Matt Hurlston at Ray White Carnegie and start working towards your own real estate goals in the local area.
As the days grow shorter and the air turns crisp, fall is the perfect time to reset your home and prepare for the cooler months ahead. A little seasonal preparation not only keeps your space comfortable and efficient but also helps protect your home from wear and tear. Here’s how … Read more
Lunar New Year is more than a celebration — it’s a reset. A time to clear out the old, welcome in the new, and set the tone for the year ahead. In many cultures, especially across Asia, decluttering before Lunar New Year is believed to sweep away bad luck and … Read more