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Strong resale values seen across Sydney

By Louise Morrin

The latest Pain & Gain report released by CoreLogic RP Data has illustrated the strong resale market across Sydney, which could be brilliant news if you're interested in selling your property in Carlton in the near future. 

Over the December 2014 quarter, only 8.6 per cent of all properties resold in Australia recorded a loss on the owner's initial investment. In Sydney, this figure was recorded at 2.4 per cent of sales – a significantly low amount, offering some confidence for people putting their homes up on the market. 

Of those sold, 25.1 per cent achieved a profit between 25 per cent and 50 per cent, while 25.7 per cent saw a profit between 50 per cent and 100 per cent. Encouragingly, 32.3 per cent of homes sold in Sydney earned over 100 per cent of their initial investment back, presenting the strength of the New South Wales capital. 

Now could be a great time to get in touch with a real estate agent to begin discussing your sale options. Taking advantage of the current market conditions could be a great financial decision to make for your future, so begin looking into the local property market today. 

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