Now could be a great time to considering putting your Bentleigh real estate up on the market, with a recent RP Data release outlining Melbourne property resale values for the December 2014 quarter. Over the three month period, Victoria's capital city only saw 5.6 per cent of homes sold experience a loss on the initial investment.
On the other hand, 38.9 per cent of these transactions saw over 100 per cent profits for the vendors – a strong return on real estate and a potential incentive for sellers of Glen Eira property in the coming months.
CoreLogic RP Data senior research analyst Cameron Kusher said these figures were strongest in Melbourne and Sydney, with the expectation that this environment will remain in the foreseeable future.
Furthermore, the latest CoreLogic RP Data Home Value Index for March has shown the median property price in Melbourne is currently sitting at $518,000. If you're interested in putting your Bentleigh home on the market and trying to secure a good return, now could be the perfect time to do it.
Get in touch with Matt Hurlston at Ray White Carnegie to discuss your property options with a local expert. His knowledge can help you achieve a satisfying sales result.