Property: So hot right now

Key Points Booming property not sustainable House price growth increasingly investor-driven Backdrop is a deteriorating economy With strong capital growth over the 2013 calendar year and the most recent data now available, let’s examine the state of play in the Australian housing market. In the capital cities, house price growth accelerated over the second half of 2013. The ABS saw growth increasing from 3.2% in the first half to 6.1% in the second with RP Data and Residex reporting similar figures. Units also experienced a sharp acceleration. That momentum looks set to continue. Auction clearance rates recently hit an...

With strong capital growth over the 2013 calendar year and the most recent data now available, let’s examine the state of play in the Australian housing market.

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