Strong growth in the number of properties available for rent could mean population growth is increasingly housed in investment properties, says Cameron Kusher, head of research at CoreLogic.
With the current cycle in its 58th month, property price growth hit a new high in February, with prices rising 1.4 per cent to be up 11.7 per cent for the year.
Median prices, auction clearance rates, vacancies, days on market - data only tells a story when the numbers are looked at in combination.
Properties are selling more quickly around Australia, but are selling the most quickly in Melbourne, according to new data from CoreLogic.
ABS housing finance data shows that lending to owner occupiers has fallen for two consecutive months, while lending to investors has risen for four months in a row.
Though dwelling approvals fell in August, they remain at very high levels.
The rate of population growth in Victoria is significantly higher than in all other states and territories.
If Australians are really going to become apartment dwellers, developers need to start building more large apartments for families.
Property listing numbers will have a significant influence on the strength of the property market this spring, says Cameron Kusher of CoreLogic.
New apartment supply, low wages growth and slowing population growth are causing rents to fall and sending yields to record lows.
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