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REIV: Median Houses Prices In Melbourne Increase During June Quarter

As the median house prices in Melbourne continue to climb, it could be the perfect opportunity for anyone looking to sell their Carnegie real estate to grab a fantastic price.

According to the Real Estate Institute of Victoria (REIV), the median price in Melbourne rose slightly in June – increasing 2.4 per cent to an average price of $562,000 across the June quarter.

REIV chief executive officer Enzo Raimondo said in a July 19 statement that the conditions for buyers and sellers were looking solid leading into spring, with more active buyers looking for homes and driving the prices up.

"Interest rates are low, consumer sentiment has improved, and clearance rates are higher. Those considering buying or selling should take advantage of these improved conditions," Mr Raimondo said.

Units and apartments also recorded similar value increases, with their median price rising 2.8 per cent over the June quarter – bringing the median price to a seasonally-adjusted $464,500.

Median rents throughout the city also remained stable except for two bedroom homes in the middle suburbs, which saw an increase of 4.5 per cent.

Get in contact with Matthew Hurlston at Ray White Carnegie to begin the process of selling your home, and get on your way to achieving your property goals.

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