Anyone considering the construction of property in Carlton could be interested in the latest Housing Industry Association (HIA) report, which has found that New South Wales has the third-strongest construction sector in Australia.
Coming in behind Western Australia and the Northern Territory, New South Wales has seen a comfortable degree of construction and new home development over the last year. HIA Economist Geordan Murray said that there was a significant difference between the first three states and the remainder of the country, offering some insight into the region's strength.
"Overall, the [Housing] Scorecard shows that Western Australia and New South Wales have caught up to Victoria in terms of historically high levels of new home building activity," said Mr Murray in an 8 December statement.
Not only does this highlight the potential for achieving your own construction project, but the increased availability of new properties statewide could be great news for buyers – whether first timers or seasoned investors – looking to secure new homes.
Regardless, get in touch with a local real estate agent and begin searching for the right property option for you in the Carlton community today.