Sell with Confidence
Read More
News

First home buyer numbers continue to rise

By Matt Hurlston

Anyone hoping to buy Murrumbeena real estate and get onto the property ladder for the first time may find their chances of success are improving.

The Australian Bureau of Statistics (ABS) released its March data, which showed 12.6 per cent of total housing commitments in the month were given to first home buyers.

In simple terms, this means 0.1 per cent more home loans were granted to this group than in the previous month.

Across the country, there was a 1.6 per cent increase in the number of mortgages given to those who wanted to buy brand new properties.

Not only this, the construction of new houses increased 2.1 per cent month-on-month.

Economist at the Housing Industry Association Diwa Hopkins said the ABS figures gave some reason to be positive.

"Following a period of fairly strong increases late last year, prices appear to be growing within a more sustainable range," she said.

"Combined with the current low interest rate environment, these developments provide favourable conditions for the residential construction sector."

Looking to buy property in Murrumbeena? Get in touch with Matt Hurlston at Ray White Carnegie to see what options are available.

Up to Date

Latest News

  • Heartfelt Hughesdale Sale

    Homely Hughesdale house sold to the renters next door by Hughesdale sales agents Jin Ling and Matt Hurlston, with an exemplary outcome. With many schools in Hughesdale such as Hughesdale Primary School, St Anargiri Greek Orthodox College, Sacred Heart Girls’ College, as well as both Caulfield and Clayton Campus for … Read more

    Read Full Post

  • Caulfield Property Management

    Median House Price in Caulfield (Rentals) – $699 per week Median Unit Price in Caulfield (Rentals) – $430 per week Just Leased in Caulfield: 1/16 Kean Street – $685 per week 202/888 Glen Huntly Road – $360 per week 2 Urandaline Grove – $1000 per week 207/888 Glen Huntly Road … Read more

    Read Full Post