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Ray White Carnegie’s Matt Hurlston: Demand for Victoria property driven by families

By Matt Hurlston

Vendors looking to sell their Carnegie real estate should take note of the latest release from the Real Estate Institute of Victoria (REIV), which highlighted the strength of family buyers in the Melbourne market. 

REIV chief executive officer Enzo Raimondo said demand for larger homes has grown consistently over the last year, with four-bedroom properties in Inner Melbourne seeing their median price increase by 3.9 per cent over this period up to $1,455,000. 

Moving further out of the inner suburbs, the median price for four-bedroom houses grew to $827,500 over the last year – rising by a huge 4.1 per cent. Three-bedroom homes in the same middle suburbs also saw their prices increase by 4.2 per cent, offering some insight into the rising need for more space as families begin to prosper and grow. 

Matt Hurlston of Ray White Carnegie

If you're looking to put your three or four-bedroom property on the local market, get in touch with Matt Hurlston at Ray White Carnegie. His insight and expertise can help you achieve a satisfactory sale price for your home – giving you the opportunity to secure a fantastic new slice of real estate in the future. 

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