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Matt Hurlston of Ray White Carnegie: Melbourne property prices rise over October

By Matt Hurlston

Melbourne's property market has seen a 1.9 per cent growth in capital gains over October, which could be encouraging for those looking into investment in real estate in Bentleigh East. The latest RP Data CoreLogic Hedonic Home Value Index has highlighted these figures, with a combined capital city growth of 1 per cent nationwide. 

Over the last 12 months, property values in Melbourne have risen by 8.9 per cent, with the median price currently resting at $555,000 across the Victorian capital. RP Data research director Tim Lawless said the rate of growth is continuing to moderate, as the capital real estate market begins to level out. 

"Home values across the combined capital cities have increased by 8.9 per cent over the 12 months ending October 2014, which has slowed from a peak of 11.5 per cent in April of this year," said Mr Lawless in a 3 November statement. 

Matt Hurlston of Ray White Carnegie

With these figures continuing to level out, now could be a great time to get in touch with Matt Hurlston at Ray White Carnegie and begin looking into the local Bentleigh East market for your own Melbourne property. 

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