If you're entering the Sydney real estate market with your eye on Carlton property, there's a strong chance you will find plenty of homes to choose from. SQM Research has released its national listings data, which points to an exponential rise in the number of homes for sale in April.
The yearly change in Sydney registered at 37.8 per cent, while listings were up 6.7 per cent from a month earlier. As of last month, this means a total of 27,080 properties were up for sale throughout the city.
"Stock on market has materially increased for Sydney, indicating the slowdown is still occurring in the market," noted managing director of SQM Research Louis Christopher.
"Buyers now have much more choice of homes compare to this time last year."
This might give you an added incentive to enlist the services of a real estate agent in Carlton. With so many properties to choose from, it can be daunting to enter the market for the first time, which is where the services of a professional can be invaluable.
If you're buying as an investor, then there's also good news to come out of the Harbour City in recent weeks. The Real Estate Institute of New South Wales revealed that the vacancy rate stood at 1.7 per cent in March, reducing to 1.3 per cent throughout inner city areas.
President John Cunningham said the market is especially tight at the moment, and the last time inner Sydney's vacancy rate was this low was back in March 2014.
To make sure you secure the right property for your needs, make sure you speak to the team of experts here at Ray White Carlton. Our experience is second-to-none and can help you make an investment that's in line with your expectations.