Please see March  CoreLogic housing market update, presented by CoreLogic research director Tim Lawless.

“Capital gain conditions across the housing market have continued to gather pace, with CoreLogic reporting capital city home values rose by a further 1.4% in March to be 3.5% higher over the first quarter of the year and 12.9% over the past twelve months. The annual rate of growth was the highest since May 2010.  

Dwelling values have been surging higher since the middle of 2016 when the cash rate was lowered by fifty basis points and investment demand started to rebound after slowing through most of 2015 and the first half of 2016.”