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New homes enter the Melbourne property market

By Matt Hurlston

Securing your dream real estate in Carnegie might be a step closer to becoming a reality, as it’s emerged that listings have improved throughout Melbourne and various other parts of the country. On a national level, property listings increased 5.2 per cent between April 2015 and 2016, and were up 4.1 per cent from the previous month, SQM Research reveals.

A closer look at Melbourne’s results shows the city has well and truly outstripped the national average. Throughout March, a total of 36,271 homes were for sale in the Victorian capital, but this increased a further nine per cent by the time April came around.

Year on year, the results have risen 8.4 per cent, showing just how active the market is at the moment.

SQM Research’s managing director Louis Christopher said: “Stock on market has materially increased for Sydney, indicating the slowdown is still occurring in the market. Buyers now have much more choice of homes compare to this time last year.”

Construction is also on the rise

It’s not only more properties that are becoming available for sale, as Australian Bureau of Statistics figures show construction levels are also rising. During March, in trend terms, private sector house approvals were up 1.7 per cent in Victoria, the strongest out of any of the states or territories.

Dwelling approvals were also up 0.2 per cent throughout the region, making it one of only four states where this was the case. Property options are improving in Victoria, making now a great time to secure an investment.

Act now to buy Carnegie property

Matt Hurlston and his team are ideally placed to help you secure real estate in Carnegie. Make sure you get in touch to make sure you find the property you’ve always wanted – these figures suggest now could be the right time to do it.

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