It has been a better year for most Australians as far as the housing market is concerned. The standout capital city performer was Perth, while Australian detached dwellings provided an improved result overall. Consumer sentiment is improving and property sales activity has improved. There have been some significant increases in rentals, which indicates that stock overhangs are being diminished in oversupplied markets.

To view October statistics for capital city markets and to read John Edwards’ expert view on the state of the market, please click HERE.