Building your own home is a goal for many Australians. If you're interested in pursuing this in the Carlton property market, now could be the perfect time for you to consider making moves into the local real estate landscape.
New dwelling commencements increase by 8.7 per cent during the March quarter nationwide – including a huge 12.8 per cent surge in detached homes. More specifically, total dwelling commencements in Victoria rose by 15.4 per cent during the quarter, highlighting the rising strength of the region's construction market.
Housing Industry Association Chief Economist Harley Dale said new home building was one of the strongest economic contributors in the country, with with more growth expected in the coming months.
"The annual level of new dwelling commencements is at its highest since late 2010 and at 176,891 is approaching historical peaks, with further upward momentum to come," said Mr Dale in a July 16 statement.
Now could be the perfect time to get into the rapidly expanding market and work towards securing your dream slice of real estate within the Brunswick area. Get in contact with a professional real estate agent in the near future to discuss the options available to you.