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.
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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