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.
Located just 12 kilometers from Melbourne’s bustling CBD, Carnegie is a vibrant suburb offering a balanced lifestyle with its blend of urban convenience and suburban charm. Over the last 12 months, Carnegie has seen a median sale price of $1.7 million, with a 1.76% increase in median sale price. The … Read more
Nestled 13 kilometers southeast of Melbourne’s bustling CBD, Murrumbeena offers a tranquil escape from the urban hustle while maintaining convenient access to the city. Boasting a rich tapestry of amenities, educational institutions, and recreational spaces, Murrumbeena is a sought-after locale for families, professionals, and individuals alike. With its tree-lined streets, … Read more