Is the prospect of selling your property in Carlton on your mind? Maybe you have considered it but want a great return on your investment. Fortunately, the report on housing prices by the Australian Property Monitors (APM) PriceFinder says that now is a fantastic time to sell.
The report displays that the national median house price increased by just 1.2 per cent over the September quarter, but that is heavily attributed to the 3.8 per cent growth in Sydney. Every other major city posted a decrease apart from Melbourne.
This follows up a 3.4 per cent increase last quarter for Sydney house prices with the annual growth up to a big 16.6 per cent. This growth has pushed the median Sydney house price up to $843,994.
It's not just a great time to sell houses, but units as well. The APM report shows that units saw a growth in median price at a smaller 1.6 per cent, increasing the annual rise up to 11.5 per cent.
This price increase has pushed the median unit price up to a record $580,861. To put this into perspective, that is higher than median house prices in Brisbane, Adelaide, Hobart and Canberra and almost near Perth and Melbourne prices!
These figures show that it is a great time to be a property owner in Carlton with an opportunity to grab an excellent return on your investment during the spring selling season.