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.
Rental inspections are an important part of maintaining a well-managed property. For landlords, they provide an opportunity to ensure the home is being properly cared for, while for tenants they help confirm that any maintenance issues are identified and addressed early. Knowing what to look out for during an inspection … Read more
Melbourne’s rental market remains one of the most competitive and priciest in Australia, even as overall growth rates have softened in recent months. While some data shows quarterly changes easing or stabilising, rental levels are still significantly elevated compared to pre-pandemic norms — and many of the forces that drove … Read more