The latest release from the Housing Industry Association (HIA) has highlighted the rising strength of Australia's overarching new dwelling approval rates, illustrating the bouncing back property market nationwide. This could be great news for anyone interested in securing their own slice of Belconnen real estate in the near future.
A strong national market is fantastic for future growth, which could be good for those interested in renovating their property and earning a profit through capital gains as value accumulates. HIA senior economist Shane Garrett said a number of records were broken by the recent growths across the nation's property market.
"Total seasonally adjusted new home approvals over the past twelve months are the highest since records began back in 1984. Having broken through the 195,000 threshold for the first time, new home building approvals is now at an even higher level than during the 1994 building boom," said Mr Garrett in a 2 September statement.
As the market continues to grow in the coming months, now could be a great time to take advantage of the low interest rates in Canberra and secure your own piece of Belconnen property today. get in touch with a local real estate agent to discuss the options available to you.