The figures for new home sales seen in March have risen to a four year high, offering some insight into the growth of Australia's residential housing market.
In the latest New Home Sales report released by Housing Industry Association (HIA), it was noted that there was an 11.3 per cent increase in new multi-unit sales. Additionally, detached homes also saw a jump in sales, rising by 2.6 per cent.
HIA economist Diwa Hopkins said the burgeoning market seen nationwide was maintaining a strong position in Australia's economy, providing a lot of supply for buyers looking to purchase real estate across the country.
She also welcomed the recent drop in the official cash rate, which is expected support the continued growth of the market.
"Lower lending rates will provide added support to residential construction activity, which is emerging as a key area of growth mitigating the effects of the downturn in mining investment and construction," said Ms Hopkins in a 6 May statement.
If you're interested in purchasing real estate in Caboolture, now could be a great time to get in touch with a local expert to start investigating the options available in the community.
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Below are a few ideas on what you could do for Father’s Day Treat dad to the Caboolture Sports Club all you can eat hot & continental buffet breakfast at the Caboolture Sports Club CLICK HERE to book Morayfield bunnings make a Gift For Dad Workshops CLICK HERE The shaver shop … Read more