The amount of rent charged for a property is often a feature investors keep a keen eye on. Fortunately for investors of Carlton property, rents have risen in the St George-Sutherland area.
Figures from RP Data's Quarterly Rental Review for September 2014 show positive results for the area, and Sydney as a whole. Weekly rent for St George houses saw year-on-year growth of 5.1 per cent, while units experienced a smaller 2.2 per cent.
Now, the median weekly rent for houses sits at $620, while the median for units is $460.
Interestingly, RP Data's findings showed that three-bedroom houses across Sydney saw a quarterly rent rise of 1.1 per cent. Meanwhile, two-bedroom units saw rents rise by one per cent over the same period.
The Carlton and St George areas provide a diverse selection of housing, which makes it easy for all kinds of investors to secure a property.
From units, townhouses, apartments or bigger detached family homes, there's much to be found in this part of Sydney.
For expert help with finding a great property in a growing area, get in touch with a local real estate agent.