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.
After a two-year renovation, Dylan Farquhar and Tylah Ingram transformed their old weatherboard into an energy-efficient home. Photo: Natalie Jeffcott At first glance, this 1950s weatherboard cottage seems typical of its setting in Blackburn North, a family-friendly suburb in Melbourne’s east where many older homes boast updated facades, modern extensions … Read more
Located just 12 kilometers from Melbourne’s bustling CBD, Carnegie is a vibrant suburb offering a balanced lifestyle with its blend of urban convenience and suburban charm. Over the last 12 months, Carnegie has seen a median sale price of $1.7 million, with a 1.76% increase in median sale price. The … Read more