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New survey highlights strength of Victorian property market

By Jamil Allouche

The latest National Australia Bank (NAB) Residential Property Index has illustrated the growing value of the nation's property market, with real estate in Victoria selling particularly well – coming in just behind Queensland on the statewide scale. 

NAB Group Chief Economist Alan Oster said that national house prices over the next two years would continue to see improvements, which could make investment property in Brunswick a good idea for your future finances. 

"Foreign buyers accounted for 16.8 per cent of total demand for new property in Q3, or about 1 in 6 of all buyers, with this share tipped to rise to 17.3 per cent over the next year," said Mr Oster in a 15 October statement. 

"Foreign buyers were more active in all states, but especially in Victoria where they accounted for an estimated 24.8 per cent of total demand, or 1 in 4 all new property sales." 

With the future of the nation's property market expected to move from strength to strength over the coming years, now could be a great time to consider securing your own slice of Brunswick real estate. Get in touch with a local agent to begin discussing the options available in the area today. 

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