With the rising opportunities for investment development across the nation, now could be a great time to consider purchasing real estate in Bentleigh East for your portfolio. The latest release from RP Data has found the rising strength of the rental market over the last 12 months, which could encourage potential buyers to make the jump into their local property market.
According to the RP Data September 2014 Quarter Rental Review, Melbourne saw a 2.6 per cent growth in detached home rents over the quarter, while the year-on-year growth was up 4 per cent. Furthermore, the unit property market saw no change over the quarter, but rose by 2.8 per cent over the last year.
RP Data national research director Tim Lawless said that while these figures are still quite high, the main drawing card for investment should be capital gains, which are beginning to outpace the national rental market.
"This is happening at a time when investment demand is at record levels and trending higher, which highlights that most investors are focussing on capital gains and ignoring the low yield scenario," said Mr Lawless in a 8 October statement.
If you're interested in buying investment property in Bentleigh, get in touch with Matt Hurlston at Ray White Carnegie. His knowledge of the local market will help you secure a great deal.
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