Rising new home lending figures across Australia signal the strengthening conditions across real estate markets nationwide, which could present a wonderful opportunity for those interested in buying or selling Carnegie real estate in the near future.
Housing Industry Association economist Diwa Hopkins said the owner occupier segment of the market has seen impressive growth, with increases in activity recorded during the December and March quarters – which continued to rise during the June 2014 quarter.
"Over the full 2013/14 fiscal year new home lending increased by 12 per cent. With lending rates remaining very low, turnover in the established home market has risen, as have home prices. The
residential construction industry has responded strongly to these signals," said Ms Hopkins in an 8 August statement.
These market movements could prove to be a great source of property potential for anyone interested in moving into the real estate market, either as a potential occupier or an investor looking to expand their portfolio.
Regardless of your motivations, getting in touch with Matt Hurlston at Ray White Carnegie today to discuss your plans and sort through potential property options in the region.
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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