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Dwelling values rise in January

By Jamil Allouche

The latest CoreLogic RP Data Home Value Index for February have highlighted the growing strength of the nation's property market, which could be wonderful news for anyone interested in making their own moves into the local Brunswick real estate market in the near future. 

Nationwide, there was a 0.3 per cent increase in dwelling values. However, this equates to a huge 8.3 per cent increase over the last 12 months, which isn't surprising to see following the fantastic year of growth recorded in 2014.

The coming year is also expected to be strong, with RP Data head of research Tim Lawless stating the lower mortgage rates afforded by the official cash rate drop in February has already had an effect on boosting auction clearance rates. 

"With housing market investment now roughly level with owner occupier demand (based on housing finance commitments), it is clear that investors, particularly in Sydney and Melbourne where investor activity is most prominent, are speculating that capital gains have further to go and are ignoring the low yield profile of these cities," said Mr Lawless in a 2 March statement. 

Now could be a great time to consider getting in touch with a local real estate agent and start discussing the investment opportunities in the community today. 

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