The rising Victorian population offers a number of benefits to residents of Carnegie real estate – ranging from economic growth through to rising employment opportunities and future infrastructure expansion.
However, the latest figures from the Australian Bureau of Statistics could present great chances for property investment in the local community, offering a lucrative opportunity for wealth generation over the coming years.
Over the year ending 31 March, the Victorian population increased by 108,757 people, with an annual growth rate of 1.9 per cent – outstripping the national average of 1.7 per cent over the same period. Treasurer Michael O'Brien said the main source of migration was from New South Wales, followed by South Australia and Queensland.
"Victoria has recorded its highest net interstate migration on record. Every state and territory around the country sent more people to live in Victoria than left our state," said Mr O'Brien in a 25 September statement.
Anyone interested in investment property across the community should get in touch with Matt Hurlston at Ray White Carnegie. With an extensive local knowledge, he will be able to answer your questions and help you secure a viable piece of local real estate.
The sun is one of nature’s greatest gifts—free, renewable, and life-sustaining. Beyond its role in keeping our planet habitable, sunlight can have a profound impact on how we live, feel, and function within our homes. By learning how to utilise the sun effectively, you can enhance your comfort, lower energy … Read more
Purchasing a property is an exciting milestone, and as settlement day approaches, one of the most important steps is the final inspection. This is your opportunity to ensure the home’s condition matches what was agreed upon in your contract of sale. A well-prepared inspection can save you time, stress, and … Read more