Property investors are always looking for the next big property hotspot. Value growth, new amenities, fresh infrastructure – it's all about knowing where to put your capital. However, many people forget to look far enough ahead to the time when they cash out: how can you be sure that your property will result in profits for your portfolio?
A strong history of performance is a great place to start, and Carlton provides just that.
CoreLogic RP Data has recently released its regular Pain and Gain report, this time covering the December 2015 quarter. It showed that Sydney as a whole has remained a strong contender for investors, as it was the only capital city to see investors outperform owner-occupiers when it comes to profitable sales, though the difference was so minimal that the area remains very profitable for both kinds of buyers.
In fact, 98 per cent of owner-occupiers who decided to sell their property in the December 2015 quarter received a better price than they originally paid , while an even greater 98.4 per cent of investors saw the same kind of results.
Clearly, whether you're a home owner or an investor, Sydney is the place to be, particularly after the city-wide 9.51 per cent year on year median value increases up to February that CoreLogic also reports.
Despite Sydney's strong performance, property around the area of Carlton performed even stronger. A full 98.5 per cent of properties sold in the Rockdale area saw pure profitability, one of the strongest performances across the whole city.
Clearly, it's a good time to be in investor in Carlton! For more information on how you can get your own piece of this growing suburb, get in touch with the team at Ray White Carlton today.