It's no secret that the real estate market has a great deal to do with the national economy, especially over the last few months. With the rising population and continued need to supply accommodation across the country, it's not surprising property investment has continued to grow alongside the population influx.
If you've been consider entering the property investment game, now is a great time to get off the fence and chat with a local real estate agent.
The latest release from the Housing Industry Association (HIA) has highlighted the growth in the national residential construction industry, which is expected to reach its second highest level on record in 2014.
HIA chief economist Harley Dale said investment in this sector will make a great contribution to balancing the economy – which could be a great side benefit following your own portfolio development.
"Residential construction investment will make strong contributions to Australia's economic growth this year and next, and will boost demand across significant parts of the manufacturing, retail and supply/distribution sector," said Mr Dale in a 16 June statement.
If you're interested in building investment houses for rent in Belconnen, now could be a great time to get in contact with a local agent to discuss the options open to you.