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High Demand Makes Carlton Ripe for Investment

By Louise Morrin

It's no secret that real estate in Sydney and surrounding suburbs is in high demand, but recent data shows just how many buyers are clamouring to enter the market.

The Office of State Revenue reported that stamp duty from property sales during October totalled $356.8 million.

This represents the highest monthly result since the figure began being tracked in 2005-06.

While it may be tempting to see these numbers as a fluke, stamp duty from September easily outperformed results from the same time during 2012, showing a trend in the region.

The huge surge in stamp duty illustrates high demand in the Sydney region, good news for investors eyeing a property in Carlton, St. George and other surrounding suburbs.

In more positive news for investors, demand is pushing property values higher.

According to figures from RP Data and Rismark, values increased 5.2 per cent in the Sydney area during the September quarter.

This was the highest rise in home values among the capital city markets during this time period.

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