If you've been looking for extra incentive to buy rental property in Carlton, then minutes from the latest Reserve Bank of Australia (RBA) meeting could be just what you need.
RBA governor Glenn Stevens explained that house price inflation had moderated in most parts of the country since reaching its peak in late 2013 – but this hasn't been the case in Sydney.
Alongside Melbourne, Mr Stevens revealed that the Harbour City has seen its prices increase at a rate that is above inflation.
While this might not be good news for first-time buyers entering the market, it could open up opportunities for investors hoping to take advantage of demand for rental property.
Figures from the January CoreLogic RP Data Home Value Index showed that prices in the New South Wales capital were up 1.4 per cent during the first month of the year.
It was also named the city with the greatest aggregated capital growth since the global financial crisis, with prices up 57 per cent compared to January 2009.
Meanwhile, RP Data revealed that houses in the city currently attract an average gross yield of around 3.5 per cent, although this could vary depending on where you decide to invest.