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Increasing New Home Sales Good For Belconnen Apartments

By Ben Faulks

New home sales have increased across the nation duirng the last few months, which could be great news for those interested in purchasing Belconnen real estate in the near future. 

A recent Housing Industry Association (HIA) release found that the total new home sales figure for January 2014 rose by 0.5 per cent across the country. Specifically, there was an increase of 0.3 per cent in the number of new detached homes sold, and a further rise of 1.6 per cent for new multi unit apartments. 

This could be provide a good opportunity for investment in Belconnen apartments over the next few months, especially with this trajectory expected to continue well into the year.

HIA Senior Economist Shane Garrett said new home sales have been rising pretty steadily since the third quarter of 2013, encouraged by falling interest rates, increasing market confidence and the growing need for property supply. 

"The return of house price growth to most cities has done much to oil the market and allow transactions to start occurring in greater numbers," said Mr Garrett in a March 3 statement. 

Securing Belconnen real estate ahead of the expected population boom could be a fantastic move to make for you and your family, so begin investigating the region's real estate market today. 

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