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.
Matt Hurlston of Ray White Carnegie
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.