Property prices show further signs of life

A growing population, low rates of new home construction and a tight rental market have created the right circumstances for an increase in housing demand according to the RBA.

"With low interest rates and the demand there, it would seem like the options are for supply to pick up and therefore construction to increase at a moderate rate." RBA head of economic analysis Jonathan Kearns said this week.

SOURCE: www.realestateinvestar.com.au