You might notice that this round of growth going hand by hand with falling interest rates and Aussie dollars. The further rate cut means the AUD will continue to fall, interest rates will stay low for a period of time.  On top of that, oil stays cheap, all paints a positive picture for the property market (except for mining-reliant areas).

All I wish is a slow but steady growth of the property prices which has been proven for the past century. Investors should not get too excited about large sustained capital growth in residential property – the RBA have made it extremely clear that they are not comfortable with the high property values and growth, with lending policy tightening to try to control this. Recently all major banks had raised the bar for applicants with oversea income. A further sharp growth might trigger another round of intervention.