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RP Data: Massive Melbourne property value growth over last 12 months

By Jamil Allouche

Market movements are something for anyone looking to sell their property in Brunswick to keep an eye on. If you fall into this boat, the latest release from RP Data could be of interest to you. 

Melbourne has seen a 9.4 per cent increase in real estate values over the last 12 months and now has a median dwelling price of $560,000 – the second highest in the nation behind Sydney. 

This could present a wonderful opportunity for potential vendors to make a great profit on their initial investment in Brunswick property, with RP Data Research Director Tim Lawless stating the market was beginning to stabilise and even out. While prices will continue to increase, the rate of growth will be slower than compared to earlier this year. 

"The slowdown in dwelling value appreciation will be a welcome relief to policy makers and those seeking to buy into the housing market," said Mr Lawless in a July 1 statement, highlighting the potential for an increase in buyers to begin moving into the market. 

These market movements offer a great chance for the sale of property across a number of Melbourne markets, so now could be the time to act! 

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