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Rising new home lending figures offer insight into growing market

By Ben Faulks

New Australian Bureau of Statistics figures have highlighted new home lending has reached a 20-year high nationwide, which could offer some incentive for potential buyers of Belconnen real estate to make moves into the local market. 

Housing Industry Association Chief Economist Harley Dale pointed out that owner occupier home loans in the Australian Capital Territory rose by 14.6 per cent during September alone, with more people beginning to move into the region. This could be great news for the local economy's development, as well as the future growth of job opportunities for residents in the area. 

"That is a healthy result in terms of the short term outlook for new home construction. The demand for new housing reflects activity from first home buyers, trade-up owner occupiers, and investors," said Mr Dale in a 10 November statement. 

Regardless of whether you're interested in investment or an owner occupier, now could be a great time to consider buying real estate in the region. Get in touch with a local real estate agent to begin searching for the right property for your needs and start working toward moving into the market today. 

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