It's been a turbulent time for the Australian property market recently, but it seems that sentiment may finally start to be improving. Results of the latest ANZ/Property Council Survey show that the ACT is one of many states and territories where confidence is on the up.
Alongside Queensland, Tasmania, Victoria and South Australia, the ACT recorded an upward shift in sentiment. Property Council Chief Executive Ken Morrison believes that the sector is proving just how valuable it is to the national economy.
"All the indicators point to a steady property market injecting strength into the national economy, creating jobs and boosting the supply of new housing," Mr Morrison remarked.
With sentiment moving upwards, now could be the time to think about purchasing real estate in Evatt. There are likely to be more properties available, as the Housing Industry Association (HIA) recently noted that home building had a positive start to 2015.
March quarter building activity was the strongest on record, the HIA suggested, as official data from the Australian Bureau of Statistics revealed 53,900 projects had been given the go ahead. The strongest results were seen among multi-unit dwellings, which were up 19.2 per cent from the March quarter of 2014.
Enlisting the help of a real estate agent can be extremely valuable when it comes to finding property. Not only do they know the local market well, but also have a range of different real estate for you to take a look at.
Here at Ray White Belconnen, we're always on hand to assist with all your needs. Whether you need an experienced property manager, or help locating your next home, be sure to get in touch with our team of experts.