As Melbourne’s property values continue to climb many homeowners are left wondering what their property is worth in today’s market.
According to the Real Estate Institute of Victoria, the Melbourne median property price, currently estimated to be $524,500, grew by 29.5 percent in the year to March, representing a rise of almost $120,000 in only 12 months.
But although there are many astute home owners and investors that understand the factors which influence a property’s value, there are many more that do not. Read on to find out more...