Anyone considering buying new real estate in Carnegie could be in luck, with a recent release from the Australian Bureau of Statistics highlighting the rising number of new home lending figures over the three months to July. The amount of financing over this period rose by 1.9 per cent – while the number of loans during this period compared to the same time last year is 8.8 per cent higher.
With the rising confidence across the nation, now could be a great time to consider pursuing your own home finance – especially ahead of the traditionally strong spring selling season. Housing Industry Association economist Diwa Hopkins said these increases in lending have been seen across the nation, with investors also getting among the action.
"Today's figures show that current credit conditions are having the desired impact on residential construction, with both investors and owner occupiers taking advantage of the favourable conditions to add to Australia's stock of housing, which will aid housing affordability across the spectrum of the housing market," said Ms Hopkins in a 9 September statement.
If you're looking to buy property in the local area, get in touch with Matt Hurlston at Ray White Carnegie. His local market expertise will be invaluable in your pursuit of the perfect home.
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
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