Making the most of good economic situations is the best way for you to achieve your goal of owning property in Carlton. Keeping an eye on the market will help you find the optimum time to pounce on your desired real estate. Right now could be a great time to consider moving into the market, as new home lending figures rose during the March quarter of 2014.
The latest data from the Australian Bureau of Statistics has found both owner occupiers and investors have seen lending values increase over this period – rising by 3.6 per cent and 4.9 per cent, respectively.
An economist from the Housing Industry Association, Diwa Hopkins, said a spurt of growth that started late last year has continued to affect the market, leading to more sustainable increases in value. Combined with low interest rates, this could make the current landscape an inviting one for you to consider dipping your toes into.
"Sustained strength in new home building will be of increasing importance on a number of fronts. In the first instance, Australia has seen quite strong population growth in recent years, yet the supply response has lagged and much catch-up is needed in order to meet that additional demand for housing," said Ms Hopkins in a 13 May statement.