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Positive Outlook for Victorian Property Investment

By Jamil Allouche

The next few months could be a great time to purchase Brunswick and Pascoe Vale real estate, as a new survey has shown confidence in the state's property industry has risen.

Results from the Property Council of Australia-ANZ Property Industry Confidence Survey recorded a rise of eight on the confidence index for the March 2014 quarter. This activity saw the index increase from 127 to 135.

As a score of 100 is considered neutral, this is an encouraging result for the property industry in the state.

Property Council Victoria Executive Director Jennifer Cunich said the growing optimism in the real estate sector could be attributed to a higher level of building and construction work. 

"Our planned residential construction activity index rose from 124 to 151 over the latest quarter indicating growing optimism based on future investment demand," said Ms Cunich in a January 16 statement.

Furthermore, there have been positive expectations on a national scale for future house price growth, according to the survey.

This could open up a number of opportunities for any keen investors to purchase Carlton property as an investment and secure a positive gain in the future.

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