As the spring selling season is upcoming, the prices on housing market see the steady growth, Associated Press, reports.
In particular, mainland state capitals home prices grew 0.5% this weekend, housing market analysts CoreLogic indicates.
The prices growth in Melbourne amounted to 0.8%, in Sydney it was 0.2% and 0.1% in both Brisbane and Adelaide.
At the same time, it’s no wonder that Sydney has still the most expensive median house price at $850,000, and is followed by Melbourne with its $599,000.
According to CoreLogic expert, Tim Lawless, this situation coincides with the “highest clearance rates in a year as well as low advertised stock levels and a reasonably steady rate of mortgage demand”.
He pointed out that the spring season would test resilience of the housing markets to a slowdown.