Sell with Confidence
Read More
News

Melbourne Property Market Overview

By Matt Hurlston

Melbourne's house values rose by 2.4 per cent September, according to the RP Data-Citibank October 2013 Housing Market Overview.

Dwelling values are now 5 per cent higher than before the September quarter, which could be encouraging for those who own investment real estate in Carnegie.

However, it's not too late for first time investors to make a property purchase as dwelling values are currently 1.9 per cent under the historic high, showing prices still have room to grow.

In fact, now could be the best time to invest in Carnegie real estate, as the Melbourne Housing Institute Association-Commonwealth Bank Housing Affordability Index figures rose by 2.6 per cent over the 2013 September quarter.

This result signals houses in Melbourne have become more affordable over the recent months, at an equal rate to the average affordability increase for all capital cities across Australia.

"Despite widely-publicised dwelling price increases in some markets in recent months, affordability has continued to improve as a result of reduced interest rates," HIA Senior Economist Shane Garrett said in a November 27 media release.

For more information on how these figures could affect your home buying decisions, contact Matthew Hurlston at Ray White Carnegie today.

Up to Date

Latest News

  • Making Room For Mindfulness The Latest Trend In Home Design

    Article Source: Click Here Spaces that blend the indoors and outdoors are perfect to create meditation nooks in your home. Image source When did you last take a breath? A really good, deep, slow one. Sometimes we need a gentle reminder to pause and recalibrate. And finding the right place … Read more

    Read Full Post

  • Rock Solid: Why Marble Is Making A Stunning Comeback In Homes

    Article Source: Click Here “Marble can be integrated in so many ways, and it doesn’t have to be on a grand scale to make an impact.” Image Source Marble has long been a go-to in architecture and home design. “The use of [the stone] as a building material is rooted … Read more

    Read Full Post