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Matt Hurlston of Ray White Carnegie: Melbourne property values increase during July

By Matt Hurlston

Selling your real estate in Bentleigh could be a wonderful move to make in the near future, with the latest release from RP Data highlighting the degree of growth Melbourne property experienced over the last month. The latest RP Data-Rismark Hedonic Home Value Index found the average value of property in Melbourne grew by 3.7 per cent over the last month, coming to a median dwelling price of $540,000. 

This could be a great opportunity for those interested in selling their slice of Melbourne property, especially considering that real estate values have increased by 11 per cent over the last 12 months. Investment in these markets could be set to pay off for those sticking in for the long haul. 

In fact, RP Data research director Tim Lawless said that capital cities are expected to see capital gain growths move towards a more sustainable level, which could be good news for the local market. 

"With interest rates remaining low and fixed rates seeing further downwards pressure, we are expecting that capital gains will continue into the foreseeable future," said Mr Lawless in an 1 August statement. 

Matt Hurlston of Ray White Carnegie

Anyone interested in selling their Carnegie real estate should get in touch with Matt Hurlston at Ray White Carnegie. His insight into the market will be invaluable when securing the best possible sales return. 

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