Further progress, third consecutive month of gains. 0.9% in national housing value gains.
Driven from stronger gains in Sydney and Melbourne, with rapid house gains in these markets. 12% below July 2017 peak in Sydney, and 8% in Melbourne.
Most of regional markets recorded a rise. All regions are better from better borrowing rates. High levels of investor participation once again. Investor’s contributed 25% of total mortgage demand. Investor activity is expected to rise further.