Market Recoveries Are Generally Led By Stabilising Values Followed By A Rise In Activity

The national housing market has just experienced its largest downturn in dwelling values since at least the 1980s. The fact that values nationally fell by less than 10% speaks to the ongoing strength of the housing market over the past 40 years which has culminated in Australia being one of the most expensive places in the world in which to buy property.

Since the federal election in May, there have been ongoing signs of improving market conditions. This has been driven by a number of…