Investment property in Brunswick could be a great move to make for your future. Not only is the Victorian economy moving from strength to strength, but the latest release from the Australian Bureau of Statistics has highlighted the state's growing population – reinforcing the sustained resilience of the state's real estate market.
Over the year to 31 March, the state saw a population increase of 108,757 – an annual growth rate of 1.9 per cent. Treasurer Michael O'Brien pointed out this was higher than the national average of 1.7 per cent and represented a vote of confidence in the sustained growth of the state.
"Victoria has recorded its highest net interstate migration on record. Every state and territory around the country sent more people to live in Victoria than left our state," said Mr O'Brien in a 25 September statement. New South Wales was the biggest source of migrants for the region.
With the state's population having increased to to 5.8 million, more investment in major infrastructure projects can be expected in the near future, in line with the state's dedication to maintaining regional growth and development.