The dramatic price difference between Sydney houses and units has been highlighted by the latest CoreLogic RP Data release, which could be extremely interesting for anyone considering buying investment property in Carlton.
According to CoreLogic RP Data research director Tim Lawless, houses in Sydney cost an average of $243,000 more than units, which could change the approach people have towards investment in the future.
He went on to say that this could be one reason why so many unit commencements are being seen in the New South Wales capital, especially with the anticipated population increases expected in the near future.
"Growing demand for unit stock, both from investors and owner occupiers and the sheer affordability difference between house and unit prices at least partly explains this growing level of demand," said Mr Lawless in a 29 January statement.
Furthermore, the lower price for units could be good for first time investors hoping to make moves into the Sydney property market. Now could be a great time to consider starting a portfolio and establishing yourself in the Carlton market.
Get in touch with a local real estate agent in the near future to start discussing the various investment options scattered across the community.