There are a few things you should know if you are looking to buy property in Brunswick this spring season.
This month, RP Data released its Spring Buyer's Guide, which is an essential read for anybody looking for property around the country in the near future.
The guide provides insight into Australia's housing market growth, typical dwelling values, median rent prices, selling time and discounting rates and includes information regarding all council regions and suburbs in the nation.
Since the real estate market reached a low point at the end of May 2012, property values across Australia's capital cities have risen by 8.7 per cent, proving that the housing market is on the rebound.
Some cities and regions are faring better than others, however. Hobart's housing market, for example, remains 13.2 per cent lower in value than when it peaked in late 2000. Because of low population growth, there is low demand.
Mining towns, after experiencing a decade of booming conditions, are now showing volatility as the mining peak recedes.
Lifestyle properties and holiday homes, however, are celebrating increased value.
If you are thinking about making a property purchase, an experienced real estate agent will be able to navigate these issues for you and help you make the right decision for you.