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As reported in the AFR numerous property data analysts including CoreLogic, SQM Research, Proptrack and RBC Capital Markets have all suggested house prices have bottomed in Sydney and Melbourne amid a growing number of indicators showing upturns.
There has been a rise in prices, starting at the higher-end, demand is outstripping supply in key markets and consumer sentiment has improved.
However there are still concerns, particularly around exposed borrowers and the possibility of further rate rises.
We discuss the key indicators and the drivers behind them in this weeks episode of Long Property Show. Thanks for tuning in!
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