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Dwelling starts reaching record highs for 2014

By James Brown

If you're sitting on the fence about taking out a home loan and starting construction on your own Caboolture real estate project, now could be the time to make a decision. The latest release from the Housing Industry Association (HIA) has highlighted the rising strength of the national market, with the expectation that 2014 will exceed the record 187,000 starts seen back in 1994. 

HIA chief economist Harley Dale said that projects are on track to reach nearly 190,000 by the end of the year. He said the momentum involved in these levels of growth have done wonders for the Australian economy – as well as helping boost new property availability. 

"Record low borrowing costs have combined with other factors such as high net overseas migration to unleash substantial pent-up demand for new housing. These factors will keep the level of new homes commenced at historically elevated levels," said Mr Dale in a 23 November statement. 

With these figures set to remain strong, now could be a great time to consider getting in touch with a local real estate agent to discuss the property construction options available to you in the local area. 

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