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Sydney Market to Perform Well in 2014

By Louise Morrin

Investors looking for property in Carlton are probably wondering what the new year has in store for them.

Fortunately, there is no shortage of real estate experts willing to throw in their opinion.

For instance, Smart Company published a report on December 18 detailing various views on the Australian property market and where it's headed in 2014.

Author Peter Wargent described Sydney as the "clear standout," forecasting between 6 and 9 per cent price growth. This is much higher than Mr Wargent's predictions for other capital cities, including Melbourne, Brisbane, Perth and Canberra.

What's more, recent data from SQM Research shows that while rental vacancy rates have increased nationwide as recently as November, Sydney rates remained low in comparison to other capital cities.

While the national vacancy rate increased to 2.2 per cent, Sydney's only rose to 1.7 per cent.

This indicates high demand – good news for investors looking to sell or rent.

In short, expert opinions and data seem to agree that Sydney, including real estate in Carlton, remains a good investment opportunity for savvy property buyers.

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