Sitting on the fence and waiting for the right time to buy investment property in Brunswick means keeping an eye out for market indicators across the state.
The latest Housing Industry Association (HIA) State Outlook report for Victoria could be of great interest to potential buyers, outlining the fact that the region is currently approaching a peak for new dwelling starts.
With the popularity of new property developments nationwide, this could present buyers with a great opportunity to pursue their own off-the-plan goals.
HIA executive director for Victoria Gil King said that the sluggish activity recorded in 2013 saw reinvigoration in 2014, jumping to 58,320 – the second highest figure on record.
Furthermore, during 2014/15 housing starts are expected to increase by 15 per cent, reaching around 59,805 statewide.
"Residential building is making a significant contribution to the state's economic growth," said Mr King in a 18 May statement.
Now could be a great time to begin planning your own investment portfolio growth in Victoria. Get in touch with a real estate agent in Brunswick to begin looking into the dwelling construction options available in the local community today.