Those considering the sale of their property in Bentleigh could be in for some good news, with the latest CoreLogic RP Data Hedonic Home Value Index outlining the rising value of dwellings nationwide during February.
While Melbourne only saw a 0.2 per cent increase in February, this brings the quarterly growth up to 4.5 per cent and a median dwelling price of $515,000. CoreLogic RP Data head of research Tim Lawless said that since the beginning of the current growth cycle back in June 2012, the combined capital city value has risen by 22.6 per cent.
"We are already seeing the effect of lower mortgage rates, with auction clearance rates surging to the highest levels we have seen since 2009 and valuation activity across CoreLogic RP Data valuation platforms reaching new record highs based on daily averages over the second half of February," said Mr Lawless in a 2 March statement.
With results like this occurring across the Victorian capital, now could be a great time to get in touch with Matt Hurlston at Ray White Carnegie to discuss the selling options available for your Bentleigh property.