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Economic growth across Victoria spurred on by construction commencements

By Jamil Allouche

There are a number of reasons why someone would want to move into real estate in Brunswick. Maybe you're interested in being part of a vibrant cultural hub or are simply looking for an interesting community to raise your family in.

Well, the future of the region is expected to be bigger and brighter than, given the Australian Bureau of Statistics outlined a returning strength to the Victorian construction industry, with the number of dwelling commencements during the March quarter totalling 14,171 – a 15.4 per cent  growth over the previous three months period. 

Housing Industry Association executive director Victoria Gil King said the expanding property market across the state – including Melbourne – has the potential to "reinvigorate the Victorian economy". 

"During the first quarter of this year, growth was driven by the detached house segment of the market. New starts increased by 26.0 per cent, with a 3.1 per cent increase in multi-unit commencements," said Mr King in a 16 July statement. 

With these degrees of growth anticipated across the region, now could be a brilliant time to consider moving into the Brunswick property market and securing a slice of real estate in the strengthening Victorian landscape. 

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