Owners of real estate in Carlton could be in for some good news, with the latest release from the Real Estate Institute of New South Wales (REINSW) offering some insight into growing median property prices in New South Wales.
REINSW president Malcolm Gunning said the median price for property in Sydney was now resting at $843,994, signifying an increase of 16.6 per cent – or $120,000 – over the last 12 months.
"These increases prove the value of purchasing you own home, with bricks and mortar a solid investment. Demand in the Sydney housing market is very strong and although it may level out slightly, growth should continue into 2015 as interest rates remain low," said Mr Gunning in a 19 December statement.
He said the established housing market across the city was also likely to continue strengthening, with an anticipated boost in young families and retirees looking to call Sydney home.
If you're interested in investment – or simply want to sell your Carlton home and earn a profit – now could be good time to come in and chat with a local real estate agent about the options available to you today.