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National new home sales rise over October

By Louise Morrin

Anyone interested in buying new property in Carlton could be interested to hear about the increasing number of new home sales experienced across Australia during October, with the Housing Industry Association (HIA) pointing out a growth of 3 per cent over the month. 

After lacklustre September growth, the recovering market is encouraging. HIA chief economist Harley Dale said the growth was good news, especially after the national figures dropped by 5.7 per cent in July. 

"We now want to be seeing evidence pointing to a healthy prognosis for new home building activity in 2015," said Mr Dale in a 27 November statement. 

"In this regard we have positive signals coming from three key leading indicators. HIA new home sales and ABS building approvals are past their peaks but remain at elevated levels. Lending for new housing is still trending higher and doesn't appear to have peaked yet." 

With these sorts of figures permeating the market, now could be a great time to consider making your own moves into the Carlton property market. Speak with a local real estate agent to gain some insight into potential homes for you to investigate in the coming months. 

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