HIA: Annual dwelling growth continued during September quarter
If you're looking to invest in Burpengary real estate, now could be a brilliant opportunity to start thinking about buying. The latest release from the Housing Industry Association (HIA) has highlighted the growth in dwelling prices over the September quarter, which could be a tell-tale sign of continued development in the future.
HIA senior economist Shane Garrett said that, when compared to last year, national residential property prices were up by 9.1 per cent. Specifically, this includes a 9.2 per cent increase in established house prices and an 8.5 per cent growth in attached dwelling prices.
However, Mr Garrett also pointed out that new home construction is becoming more common.
"The annual rate of home price growth nationally is back in single figures for the first time in a year. At the same time, new home building is stretching to its busiest year in two decades. This is no coincidence," said Mr Garrett in a 11 November statement.
Regardless of whether you're interested in established property or the prospects of construction, current interest rates could signal a great time to get in touch with real estate agents in Burpengary.