The home building industry is undergoing a period of recovery, which may help place downward pressure on house prices. Such news will be welcomed by first home buyers interested in real estate in Carnegie and surrounding suburbs such as Oakleigh and Bentleigh East.
The Housing Industry Association (HIA) has commented on growth in dwelling commencements across the country, with particularly strong results from Victoria, in an April 16 statement.
Dwelling commences soared by 8.2 per cent in seasonally adjusted terms between the the third and final quarters of 2013.
"The new home building industry rounded out 2013 on a strong note," explained HIA Economist Geordan Murray.
"The most notable contributor to the strong growth in dwelling commencements in the December quarter was Victoria, where commencement numbers jumped 11.3 per cent in the quarter owing to a 33 per cent jump in multi-unit commencements," Mr Murray noted.
The strength in Victoria could be related to the keen interest in Melbourne property, which has been performing well for both homeowners and investors.
Those looking to buy new properties or sell their existing real estate in Bentleigh may wish to get in touch with an experienced professional such as Matt Hurlston at Ray White Carnegie.
Homely Hughesdale house sold to the renters next door by Hughesdale sales agents Jin Ling and Matt Hurlston, with an exemplary outcome. With many schools in Hughesdale such as Hughesdale Primary School, St Anargiri Greek Orthodox College, Sacred Heart Girls’ College, as well as both Caulfield and Clayton Campus for … Read more
Median House Price in Caulfield (Rentals) – $699 per week Median Unit Price in Caulfield (Rentals) – $430 per week Just Leased in Caulfield: 1/16 Kean Street – $685 per week 202/888 Glen Huntly Road – $360 per week 2 Urandaline Grove – $1000 per week 207/888 Glen Huntly Road … Read more