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 Australian housing enters 2026 with momentum but uncertainty. Double-digit growth likely to slow toward mid-year as rate relief remains unlikely in first half. Affordable segment, lifestyle markets and regional areas set to outperform through 2026. The Australian housing market heads into 2026 … Read more
Older homes have a charm and character that modern builds often can’t replicate, but when summer arrives, they can present unique challenges. From heat retention to ageing fixtures, preparing an older home for the warmer months requires a thoughtful and practical approach. With the right maintenance and upgrades, you can … Read more