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Sydney leading capital city value growth

By Louise Morrin

If you're interested in selling your property in Carlton, now could be a great time to get serious about it. The latest Domain Group's House Price report has found the national median price increase for capital city properties was 2.1 per cent over the December quarter. 

However, Sydney houses saw their median price rise by 4.1 per cent over this period, while the median unit price rose by 2.9 per cent. Over the entire 2014, median house prices skyrocketed by 14.1 per cent, with units almost matching this growth at 10.4 per cent. 

Domain Group senior economist Andrew Wilson said that Sydney's successes in the real estate market were one of the main drivers behind the nation's huge median growth as a whole. 

"Thanks to its status as the strongest capital city economy with high migration levels, a chronic shortage of housing and heady levels of confidence from buyers and sellers, Sydney remains the dominant force amongst the capital cities," said Dr Wilson in a 29 January statement. 

This could bode well for anyone hoping to sell Sydney property in the near future. Get in touch with a local real estate agent to start discussing the options available to you. 

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