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Property Value Growth Strong in Melbourne

By Jamil Allouche

Great news for investors of Carlton property and real estate in Brunswick, as Melbourne home values have posted great results over the year. 

Recent figures from the RP Data-Rismark Home Value Index have shown a strong performance from Melbourne real estate year-on-year. According to the information, values of property in Melbourne rose by 6.6 per cent over the 12 months to November 2013.

Melbourne currently sits as the fourth best capital city in the country for home value growth, while Sydney continues to rest at number one.

These results for November may signal a perfect time to purchase a property in Brunswick for investment, as value growth is an essential key to obtaining a good return.

Furthermore, RP Data Senior Research Analyst Cameron Kusher stated property investment is trending upwards around the country.

"The latest data from the Reserve Bank shows private sector housing credit increased by 5.0 per cent over the 12 months to October 2013, its highest annual rate of growth since June 2012," said Mr Kusher.

"The data also indicates that housing credit for investment housing (6.4 per cent pa) is expanding at a much faster pace than owner occupier finance (4.3 per cent pa)."

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