The latest Housing Industry Association (HIA) Victoria Outlook report has outlined the projected growth of the state's home building figures. This could be great news for those interested in buying their own slice of Bentleigh real estate.
HIA executive director for Victoria Gil King said that 2014/15 was anticipated to be the second consecutive year of growth, with the overall level of construction activity expected to remain healthy in the coming months.
"New home building made a massive contribution to economic growth in the state last year, with particularly strong increases in new multi-unit dwelling construction," said Mr King in a 23 February statement.
"Strong new home building activity helps to contain price pressures in the housing market. A steady flow of new homes is therefore consistent with achieving better affordability outcomes."
As the supply increases and the overarching price of property stabilises, now could be a great time to consider purchasing property in Victoria.
Get in touch with Matt Hurlston at Ray White Carnegie today if you're interested in buying Bentleigh property. His knowledge of the local community and market is the perfect companion for your real estate search in the coming months.
The sun is one of nature’s greatest gifts—free, renewable, and life-sustaining. Beyond its role in keeping our planet habitable, sunlight can have a profound impact on how we live, feel, and function within our homes. By learning how to utilise the sun effectively, you can enhance your comfort, lower energy … Read more
Purchasing a property is an exciting milestone, and as settlement day approaches, one of the most important steps is the final inspection. This is your opportunity to ensure the home’s condition matches what was agreed upon in your contract of sale. A well-prepared inspection can save you time, stress, and … Read more