Property price rises hint at potential return to boom times
The property market is showing signs of returning to high growth levels as interest rate reductions entice buyers previously unable to meet monthly repayment demands, but affordability constraints still weigh heavily.
Melbourne's property market seems to be moving again, at last keeping pace with capital growth in other cities. (Image source: Shutterstock.com)
A lack of advertised housing stock and declining interest rates have propelled property prices higher for a fifth successive month, with June’s 0.6 per cent capital growth narrowly eclipsing the 0.5 per cent of the previous month.
The acceleration in property prices was slightly stronger in the capital cities, but price growth is strong everywhere outside Tasmania.
Widespread speculation that the Perth property market
had run out of steam is pr…
