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To Build, Buy New or Purchase a Property Previously Lived In?

By James Brown

One of the biggest decisions facing those looking to purchase Caboolture real estate is whether to build, buy new or purchase a property that has been previously lived in.

The majority of first home buyers tend to purchase older properties that have already seen some life, but with new building dwellers going up at an increased pace in Australia there may be an opportunity to buy brand new in the near future.

According to data released by Master Builders Australia (MBA), as many as 200,000 new dwellings may commence construction by 2016.

MBA Chief Economist Peter Jones puts this down to an increase in building confidence across the country.

"Building activity looks set to rebound in 2014 on the back of a revival in sentiment that comes after an extended downturn," Mr Jones said.

"This should allow the building and construction industry to play a key role in rebalancing the economy in the wake of the resources boom."

With this information in mind, those on the hunt for houses for sale in Caboolture may want to explore all their options. Why not speak to a local real estate agent today to gain a better understanding of the Caboolture property market?

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