The strengthening market for apartments and multi-unit properties has been acknowledged in the latest release from the Housing Industry Association (HIA), which could be great news for potential investors looking to buy real estate in Bentleigh East.
HIA chief economist Harley Dale said that September alone saw multi-unit sales increase by 11 per cent across the nation, following a resurgence in transactions during June this year. Over the last quarter, multi-unit sales have seen an increase of 8.7 per cent, as more people begin to move into metropolitan areas.
"The overall profile for new home sales is consistent with a healthy year for dwelling construction in 2014/15. It would be desirable to see that outcome in detached and low density construction in addition to the high rise sector," said Mr Dale in a 30 September statement.
Buyers interested in securing investment property in Bentleigh East should get in touch with Matt Hurlston at Ray White Carnegie. His insight and expertise in the region will be immensely helpful when you search for the next suitable piece of your investment portfolio.