The proportion of real estate investors making a profit on sale is increasing, according to the latest RP Data Pain and Gain report.
This result is encouraging for those considering investing in Carnegie real estate, as return on investment in Melbourne is performing particularly well.
The RP Data report shows 92.3 per cent of Melbourne homes resold during the September quarter of 2013 reported a positive return on investment. This is an increase on 91.8 per cent in the June 2013 quarter.
The report is useful for property investors interested in real estate in Carnegie and surrounding suburbs as those areas between 10 and 20km from the CBD seemed to record the highest rates of profit.
If you're considering a real estate investment in 2014, it is recommended you seek advice from a property management team before making a purchase.
A property manager can give you advice and guidance on the high yield areas in your desired suburb as well as continued support once you have made your purchase.
For more information and assistance in expanding your real estate investment portfolio, get in touch with Matthew Hurlston at Ray White Carnegie today.