Housing market sentiment grew in 2013's fourth quarter and Victoria is one of the states set for house price growth in the coming year, according to the Quarterly Australian Residential Property Survey: Q4 2013 from National Australia Bank (NAB).
Melbourne homeowners with real estate in Carnegie and surrounding areas will be pleased by the news, which forecasts steady growth during 2014.
Not only that, but investors of Bentleigh, Carnegie and Oakleigh real estate may be further satisfied with their property investments.
Rental growth increased slightly in Australia during 2013's final quarter. According to NAB, rental market outlook for 2014 is strongest in Victoria and NSW.
Victoria shows strength, decrease in credit concern
Over the next one to two years, Victoria is also tipped to emerge at one of the strongest states, alongside Queensland.
Homeowners looking to obtain property in the Carnegie area may be in a better position to do so, with "a notable decline in the level of concern over tight credit in the new housing market" during 2013.
Should this optimism continue, families may find themselves better placed to obtain a slice of quality Oakleigh or Carnegie real estate, which is located a convenient distance from local amenities and the Melbourne CBD.
Call experienced selling principal Matt Hurlston at Ray White Carnegie if you're thinking about buying a new home or extending your investment portfolio in Melbourne.