Are you looking to make a hefty profit off your real estate in Brunswick? If it's a house you're thinking of selling, there's a very good chance you'll find a market of eager buyers.
The Housing Industry Association's (HIA) New Home Sales Report, which surveys the country's biggest volume builders, reveals just why. In September, the sale of detached housing saw a slow decline in a majority of the mainland states. South Australia, Western Australia and Queensland all recorded respective decreases of 19.8, 8.6 and 5.9 per cent. Even New South Wales, the country's star property market, experienced a 0.5 per cent drop in detached houses sales.
Victoria however, did much better than its neighbours, reporting a 3.1 per cent increase in detached house sales. This was a continuing trend for the state, as it had a 3.4 per cent rise just the month before.
Still, sales activity has cooled off since the June quarter for many regions, and Victoria was no exception to this. The number of sales in Victoria in the September quarter was 1.6 per cent lower than in the June quarter.
HIA Victorian Executive Gil King has noted that on the bright side, this figure is still seven per cent higher than 12 months ago.
As detached housing has seen good demand in Victoria, it bodes well for house owners in the region. However, the market is continuing to cool with new supply coming out the pipeline, meaning price changes could very well stall or decline in the near future. Don't hesitate to take advantage of this window of opportunity while you still can.
If you want to land a great sale with your property in Brunswick, just give Ray White Brunswick a call.