The latest Australian Bureau of Statistics (ABS) House Price Index has highlighted that house prices have been gathering momentum throughout 2013, which could be fantastic news for anyone looking to sell their Carnegie real estate.
The figures, released August 6, indicate that house prices in Melbourne have increased by 2.4 per cent over the June quarter.
Furthermore, over the past 12 months there has been an overall increase of 3.3 per cent for Melbourne house prices.
Diwa Hopkins, economist for the Housing Industry Association (HIA), said that these results are more encouraging than previously estimated, and could indicate a returning confidence in the housing market.
"These price developments signal increased activity in the housing market, with lower interest rates an obvious contributor. While still delicately poised, confidence has mainly tracked higher in financial year 2012/13. This compares with the previous year when pessimism was quite entrenched," said Ms Diwa.
New house prices have also increased nationwide, growing by one per cent over the June quarter and 3.9 per cent over the previous year.
This could be a fantastic time for anyone looking to sell their real estate in Carnegie and get in contact with the team at Ray White Carnegie. Getting in contact with Matthew Hurlston can aid you in selling your property with success and secure the returns that you desire.
Article Source: Click here By knowing when certain varieties thrive, you can get the most out of your garden. Photo: Pauline Morrissey Timing is everything in the garden. Some flowers, like sweet peas and tulips, need to be planted in autumn to bloom in spring, while others, such as roses … Read more
Article Source: Click Here The hybrid work model has become the dominant trend with many companies allowing employees to work from home part-time while coming into the office on designated days. This new structure requires employees to stay productive in different environments, and finding the right balance between home and … Read more