Recent Australian Bureau of Statistics (ABS) figures have highlighted the strength of the nation's property market, with dwelling prices rising at a sustainable rate over the December 2014 quarter. This could be good news for anyone hoping to sell their real estate in Carlton – or those looking to secure a great investment property.
Housing Industry Association senior economist Shane Garrett commented on the ABS Residential Property Price Index, which found December 2014 quarter dwelling prices had risen by 1.9 per cent over the previous quarter.
When compared to the same time a year earlier, property growth saw the values resting at 6.8 per cent higher. While established homes were up by 7 per cent, other dwellings also saw a 6.1 per cent annual jump.
"During 2014, new home commencements reached the highest level on record. This has been a vital factor in assisting housing affordability, as well as providing crucial support for demand in the domestic economy," said Mr Garrett in a 10 February statement.
If you're interested in investment or selling your Carlton property, get in touch with a real estate agent to start looking into the local community for the right home for you today.