Looking for property outside the Melbourne CBD might be higher up your agenda as it emerges that prices are on the rise in the city.
The Bendigo Bank/Real Estate Institute of Australia (REIA) Real Estate Market Facts for the March quarter shows an increase across many state capitals last month – and Melbourne is one of them.
Although Sydney remained the top of the median house price list, other parts of the country also witnessed price rises.
REIA president Peter Bushby said: "The weighted average median house price for the eight capital cities is now $606,517 with Sydney, Melbourne, Adelaide, Canberra, Hobart and Darwin all contributing to the rise."
There was a 1.9 per cent increase in house values across the capitals in the three-month period, while the cost of other dwellings experienced a 1.7 per cent rise.
Matt Hurlston of Ray White Carnegie
Looking for real estate in Melbourne's various suburbs can seem like a daunting prospect – unless you have Matt Hurlston of Ray White Carnegie on your side.
He can help you locate your ideal property in Carnegie and give you an insight into the local market that will ensure you make the right decision for your needs.