Property Markets Strengthening

There is a growing body of evidence that property market conditions are strengthening.

Against a backdrop of an ever-tightening rental market and increasing rents, there are signs of rising buyer activity and stronger prices.

Auction clearance rates are showing steady improvement in recent weeks and a number of research entities are recording price growth, in defiance of high inflation, rising interest rates and relentlessly negative media.

The more positive data began with the release of Domain’s price report for the December Quarter.

This recorded house price growth in five of the eight capital cities.

Then came figures from SQM Research which showed most capital cities recorded price growth in January for houses - and all but one of them recorded growth in median prices for apartments.