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Conditions suitable for sustained new housing nationwide

By James Brown

New housing is one of the strongest economic generators in Australia at the moment, making it an important industry maintain in the long term. 

The latest Australian Residential Development Outlook released by the Residential Development Council and CoreLogic RP Data found that market figures from May outlined the potential for sustained record construction levels well into 2016. 

Property Council of Australia's residential executive director Nick Proud said housing development is likely to remain 30,000 to 40,000 homes above average heading into the new year. 

"Recent improvements in new housing supply are expected to continue, adding tens of thousands of homes for Australian families and easing pricing pressures to improve affordability," said Mr Proud in a 21 May statement. 

Furthermore, CoreLogic RP Data national research director Tim Lawless said the current Australian market has moved into a new growth phase, recording 24 per cent higher dwelling values during the latest cycle. 

Now could be a great time to consider your own investment options in Caboolture real estate. The record low official cash rate could provide some incentive to begin plotting the development of new properties in the region, so get in touch with a local real estate agent today. 

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