Properties across the nation have been performing well for some time now and latest figures from the Australian Bureau of Statistics (ABS) show plenty of new buyers are entering the market.
April data shows a rise in new home lending all over the country, although the most impressive results were seen in the number of loans granted for the construction of new houses.
Approvals were up 1.1 per cent month-on-month, which will no doubt be welcomed by builders up and down the country.
The Housing Industry Association (HIA) analysed the figures and provided its own seasonally adjusted estimates for the number of loans for new housing.
In Victoria, it believes there was a five per cent rise in loans in the three months to April, so if you're looking for real estate in Oakleigh you could find your chances are greatly improved.
Matt Hurlston from Ray White Carnegie
Using the services of a real estate agent in Carnegie could be just what you need to add value to your search, which is why you should consider Matt Hurlston from Ray White Carnegie.
With many years of experience in the local market, he's perfectly placed to help you make all the right decisions.
For many landlords, increasing rental income doesn’t necessarily require a major renovation. In fact, some of the most effective improvements are relatively simple, affordable upgrades that improve the way a property presents and functions for tenants. In a competitive rental market, presentation and comfort can significantly influence both tenant demand … Read more
For many first-home buyers, the decision to buy or rent in Carnegie is more complex than ever. With changing market conditions, rising interest rates and strong rental demand, understanding the numbers and your lifestyle priorities is key. Carnegie remains one of Melbourne’s most sought-after south-east suburbs, located just 12km from … Read more