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Sydney Beats Dwelling Value Statistics for February

By Louise Morrin

Investing in property in Carlton could be a smart move given the latest figures from RP Data released on March 3.

The latest RP Data – Rismark Home Value Index Release provides useful insight for investors in real estate in St George given Sydney's strong performance with regards to dwelling values in February. 

While five of eight capital cities recorded no growth in February, Sydney was one of just three exceptions.

The flat growth in February follows "eight successive month-end increases where dwelling values rose by 10 per cent," noted RP Data.

However, the change to the national trend did not affect the New South Wales capital, making it a good option for investment opportunities, whether buyers choose to boost their portfolio with houses or units. 

National activity is expected to slow this year, with RP Data's Tim Lawless stating that "housing market conditions will start to wind down later this year as affordability constraints and low rental yields dampen market conditions."

However, Rismark International CEO Ben Skilbeck noted that Sydney has proved to be a "standout performer".

"When looking at individual capital cities, the Sydney market has had a surprising run of nine successive month-end increases totalling 14.1 per cent," Mr Skilbeck pointed out. 

While much of the nation saw 0 per cent growth in February, Sydney continues to punch above its weight, making investment property in St George a sound option.

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