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.
After a two-year renovation, Dylan Farquhar and Tylah Ingram transformed their old weatherboard into an energy-efficient home. Photo: Natalie Jeffcott At first glance, this 1950s weatherboard cottage seems typical of its setting in Blackburn North, a family-friendly suburb in Melbourne’s east where many older homes boast updated facades, modern extensions … Read more
Located just 12 kilometers from Melbourne’s bustling CBD, Carnegie is a vibrant suburb offering a balanced lifestyle with its blend of urban convenience and suburban charm. Over the last 12 months, Carnegie has seen a median sale price of $1.7 million, with a 1.76% increase in median sale price. The … Read more