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Increasing property values in Sydney over November

By Louise Morrin

The latest RP Data CoreLogic November Hedonic Home Value Index has highlighted the growth of property values in Sydney over the month, which could be good news for those interested in selling their property in Carlton in the near future. 

According to the report, Sydney saw median dwelling prices increase by 1 per cent over November, bringing the value up to $705,000 in the New South Wales capital. RP Data research analyst Cameron Kusher said this growth was a relative slowdown when compared with earlier this year, and was in line with the general slowing down of growth nationwide. 

"Although combined capital city home values increased by a healthy 8.5 per cent over the 12 months to November 2014, the annual growth rate is now at its lowest level in the year – the rate of annual home value growth across the combined capital cities continued to slow after peaking at 11.5 per cent over the 12 months to April 2014," said Mr Kusher in a 1 December statement. 

However, now could be a great time to consider selling your Carlton property, so get in touch with a local real estate agent to begin discussing the possibilities open to you in the coming months. 

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