Homebuyers across the country are focusing their attention on new properties, the latest figures show, which is good news for both the market and economy as a whole.
If you've recently taken a look at Malvern real estate you might have considered whether to buy a brand new or established property – and it seems new-builds are coming out on top.
The Housing Industry Association (HIA) revealed new home sales were up 2.9 per cent in April compared to the previous month.
Multi-units increased in popularity by 9.3 per cent during the month, while detached properties experienced a 1.8 per cent rise in sales.
HIA chief economist Harley Dale said this should give the sector reason for optimism and believes "a healthy April for new home sales provides a promising start to the June 2014 quarter".
Victoria saw its sales of new detached properties increase 0.5 per cent in April, so you shouldn't find too much difficulty in finding the home of your dreams.
Whether you're interested in new or existing property in Victoria, why not speak to Matt Hurlston at Ray White Carnegie?
He can help you navigate Malvern real estate and hopefully come away with a home that meets your every need.