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Growing approval figures for Victoria highlighted by ABS

By Jamil Allouche

The growing strength of Victoria's property market has been illustrated by increasing approval figures, which have been recorded over the last 12 months and could offer an incentive for future investment in real estate in Brunswick.

Recent Australian Bureau of Statistics figures have outlined a 22 per cent rise over the 12 month period ending February 2015, with 61,811 houses approved by the end of the month. 

Property Council executive director for Victoria Jennifer Cunich said the housing and construction industry has remained one of the state's biggest employers and was responsible for a large amount of economic development in recent years. In fact, in February alone the state saw 5,861 dwellings approved – a one per cent increase over January. 

"This peak level of activity nationally in the property and construction industries is underpinning Australia's economy, creating jobs and delivering much needed growth and strength in the face of lower performance by other industries," said Ms Cunich in a 2 April statement. 

With these construction projects expected to start in the coming months, the potential for pursuing your own investments could be something to consider for the future.

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