If you've thought of investing in property in Carlton, you're not alone. Many other savvy Australians across Sydney and the rest of the country have chosen to invest over recent months.
In fact, over the 12 months to April, the number of investors taking out home loans increased by a staggering 29.8 per cent, Australian Bureau of Statistics data found.
Commenting on the figures, RP Data research director Tim Lawless said: "Historically,investment activity is well above average levels."
The low cash rate environment is one likely factor for this growth. Since the cash rate hit a low of 2.5 per cent last year, it has opened up doors for many investors looking to secure property.
But it's not just great interest rates that have spurred on buyers to enter the property market. Growth in property values has been strong, especially in Sydney, encouraging investment figures further.
Over the 12 months to May, RP Data found Sydney property values rose by 16.6 per cent. At the moment, you'll find median dwelling prices in the state capital are $678,500.
However, monthly value growth has slowed in recent months, meaning that proper research is definitely a wise move if you're about to buy.