It's not new that property prices have been increasing across the nation. As Australia continues to undergo economic recovery, there are a wide range of opportunities for you to make moves into the the local real estate market. For example, if you're interested in selling your property in Carlton, now could be a brilliant time to consider it – especially if you're looking to earn a profit.
The latest figures release by the Real Estate Institute of Victoria (REIV) have found that Melbourne's new median price is currently resting at $658,000 – a growth of 3.3 per cent over the three months to 30 June.
REIV Chief Executive Officer Enzo Raimondo said that these results were encouraging, with the market continuing to show strong, continuous gains and growth.
"The housing sector has delivered a 16.7 per cent year on year increase. Unit and apartment prices also grew – by 9.1 per cent year on year – with the June median also a record at $502,000," said Mr Raimondo in a July 15 statement.
If you're interested in taking advantage of the increasingly strong market, now could be the best time to get in contact with a real estate agent and begin looking into the sales options open to you.