First taste of a housing recovery

Sydney is streaking ahead of the national housing market, but the latest indicators are good reason to hope for a positive turnaround in other regions too.

As I have flagged here before, the ‘flash’ or preliminary estimates around December and January can be difficult to interpret due to two factors: firstly, the volume of sales is seasonally much lower than normal, which makes measurement immediately following the month in question trickier; and secondly, some cities’ valuer generals' offices can be a bit tardy in transferring transaction information over the holiday season, which gives rise to more volatile numbers that are subject to material revision.

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