The Australian Bureau of Statistics (ABS) recently released stats which indicate that, with the exception of first home buyers, there has been a growing trend in housing financial commitments throughout the country.
According to the ABS figures, April saw the number of owner-occupied finance commitments rise by 1.4 per cent.
This is on top of the 1.4 per cent increase noted for the first three months of 2013, indicating an overall growth in housing commitments for the year and the fifth consecutive monthly rise.
Furthermore, the value of investment housing commitments rose by 1.2 per cent in April, resulting in the eleventh consecutive monthly increase.
If you’re looking to invest in Carnegie real estate or any of the surrounding areas, it could be a good idea to get in contact with a Ray White agent.
The recent interest rate cuts and overall increasingly positive outlook for the housing industry indicate that now could be a fantastic time to grab a piece of investment property in the outer Melbourne suburb.
At just under 20 kilometres from the CBD, property in Carnegie is perfect for affluent professionals, while the abundance of local parks and schools makes it ideal for young families to put down their roots.
Article Source : Click Here Nerida Conisbee – Chief Economist In property markets, price pressure usually flows like water – when buyers can’t afford their preferred suburb, they move to the next-best alternative nearby. This “spillover effect” drives faster price growth in adjacent, cheaper areas as displaced demand seeks similar … Read more
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