New figures reveal Victoria leads the charge in the construction of new dwellings, even luring builders from NSW.

Victoria is the only bright light in an otherwise ailing residential construction industry, accounting for more than twice the private housing starts of any other state.

The latest dwelling start figures show New South Wales had the second-worst March quarter in the 40 years records have been kept. Work started on just 3672 private houses in NSW, fewer than half the 8843 in Victoria and also fewer than Queensland and Western Australia.

Victoria was an exception, and developers were moving from NSW to Victoria as a result.
(source Peter Martin – Domain)

Open Houses this weekend

Saturday 26th June
12:00pm – 12:30pm 16/3-9 Armytage Street, Lorne
1:00pm – 1:30pm 14a Charles Street, Lorne

See you in Our Backyard.

Michael Coutts
michael@greatoceanroadrealestate.com.au

On July 1, the financial assistance available to first home buyers will change again. Assistance for buyers of existing residences will be reduced, while it will be increased for those buying a new residence.

Buyers of a new residence in regional Victoria will be eligible for $26,500 in assistance, comprising a $7,000 grant, a $13,000 bonus and a $6,500 regional bonus. First home buyers of an existing residence will be able to access $7,000 in the form of a grant.

Full eligibility details and information on how to apply can be found at: www.sro.vic.gov.au

Open Houses this weekend

Saturday 12th June
12:00pm – 12:45pm 16/3-9 Armytage Street, Lorne
12:00p, – 12:30pm 15 Grant Street, Forrest
1:00pm – 1:30pm 14a Charles Street
1:30pm – 2:00pm 72 Dorman Street

Auction this Saturday
72 Dorman Street LORNE    Auction Sat 12th of Jun @ 2:00 pm
  

Have a great long weekend.

Michael Coutts
michael@greatoceanroadrealestate.com.au
0438 356 624