New data from CoreLogic points to the end of the housing downturn, with five out of eight cities posting improved results on last month’s report.

"But can we expect this trend to hold up, and where should we be looking to capitalise on any opportunity," said Dream Design Property Investment Specialist Zaki Ameer.

Mr Ameer said in the past three decades, the property market in Sydney experienced the biggest hike in house prices.

"It is expected that the value of property prices will rise by 2% as the year ends, and will continue to escalate further in 2020. First-time home buyer’s interest has also started to increase when 25 per cent of home loans got approved in New South Wales in March."

He said due to jobs creation, strong economic growth, and population growth in Sydney, there has been a rise in the demand for real estate property in Sydney.

"Currently, Sydney is offering investors a wonderful opportunity to purchase established apartments located in the inner west, eastern suburbs, and lower north shore. This is a great time to consider investing in investment-grade property," Mr Ameer said. 

In terms of Melbourne, in the previous year, it was seen that there was a decrease in property sales by 25% compared to the previous year.

"This showed that sellers were not putting their real estate on the market until and unless they had the need to sell," he said. "In the next six months, unit and house prices are most likely to increase by 1 per cent in Melbourne. By 2020, unit prices will grow from 0 to 2% and house prices will increase from 1 to 3%."

The latest trends and forecasts indicated that this is the best time to purchase real estate in the two biggest capital city markets, Sydney and Melbourne.

Find this month's CoreLogic housing market update, presented by CoreLogic research director Tim Lawless, here. 

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