Postive signs for property
Positive indicators continue to appear that point to the early stages of recovery in a number of property markets
Capital prices up
House price levels across the eight capital cities are 4% higher than a year ago, according to the latest edition of Market Facts from the Real Estate Institute of Australia. This is despite a marginal decline in the weighted average median house price in the March Quarter. Median house prices are higher than 12 months ago in all cities except Canberra. The weighted average median price for apartments is 1.7% higher than last year
Increase in home lending
Investors coming back
Low interest rates
Many fixed rates currently available are below 5% indicating the market feels rates will remain low for some time.