As the new year arrived, Sydney's property market remained one of the strongest places to consider purchasing a home. The CoreLogic RP Data 2014 Hedonic Home Value Index for December found the New South Wales capital city saw 2.3 per cent increase in property values over the last quarter, highlighting the potential for buying real estate in Carlton for newcomers and established investors alike.
RP Data Senior Research Analyst Cameron Kusher said the city saw property values rise by 12.4 per cent over the last year as well. This burst past the average 12 months of growth of capital cities in Australia, which was recorded at 7.9 per cent.
However, Mr Kusher also said the nation's value peak has been reached, after a huge number of jumps in property value and activity during 2014.
"We would anticipate that the rate of growth will continue to slow through 2015 despite the low interest rate environment," said Mr Kusher in a 2 January statement.
While there may still be value growth, the general stabilising of the market means it might not be as rampant as that experienced in previous months.
Get in touch with a local real estate agent today to start looking into Sydney property options.