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.
Article Source : Nerida Conisbee – Chief Economist Trying to predict how many homes will sell in any given year is far more complicated than predicting prices. While price growth is often assumed to be the main driver of transactions, the relationship between the two is surprisingly weak. There are … Read more
Choosing the right real estate agent can be the difference between a smooth, successful transaction and a stressful experience. Whether you’re selling, buying, or leasing, the agent you choose should align with your goals, communication style, and expectations. With so many agents in the market, knowing what to look for … Read more