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Housing approval figures for Victorian property rose during November

By Jamil Allouche

The number of housing construction projects approved across Australia in November rose to a new record high, with a total of 18,245 being supported over the month. This could be great news for buyers interested in building their own property in Brunswick, especially as the property market remains strong heading into 2015. 

Housing Industry Association senior economist Shane Garrett said approvals reaching an all-time high in November bodes well for the future development of the market heading into the new year. 

"With weaknesses in several areas of the Australian economy, new home building has come to life at an opportune time. Residential construction is now a central pillar of support for domestic demand in Australia," said Mr Garrett in a 8 January statement. 

Victoria alone saw a huge 19.7 per cent boost in the number of housing approvals seen over the month, reflecting the massive increase in people pursuing their own housing projects across the state. 

Now could be a great time to get in touch with a local real estate agent to begin looking into the options available to you in the local Brunswick community, in order to start working toward securing your own home in the coming months. 

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