An important factor to take into consideration for investors interested in portfolio expansion is the strength of a region's property development.
Recent figures released by the Housing Industry Association (HIA) have highlighted a boost in dwelling approvals across Australia over March, as new home building reaches new heights nationwide.
HIA senior economist Shane Garrett said the combination of low interest rates and strong population growth has been a brilliant stimulant for the market, which could be ripe for investment.
"New home building is keeping domestic demand above the waterline. Were it not for the performance of the residential construction industry, Australia's economy would be in a far weaker state," said Mr Garrett in a 4 May statement.
This could be great news for investors interested in expanding their portfolio into real estate in Bentleigh. The multi-unit property market has seen significant growth over the last few months, highlighting the residential trend being seen across Australia.
If you're interested in buying Bentleigh property, be sure to get in touch with Matt Hurlston at Ray White Carnegie. His local knowledge and insight into the community can be extremely useful during your search for the right slice of real estate.
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