PHOTO: Property Market

Australia’s housing markets rebounded strongly last year, and this strength has continued into 2020.

In fact, the property upturn which started in our big two capital cities in the middle of last year has become more widespread, with housing values rising across every capital city in January according to the latest stats from Corelogic.

While Sydney and Melbourne continue as the leaders for property value increases, the speed of growth has lost some momentum over recent months as can be seen in the chart below.

The following chart shows how a number of states are at the market peak in prices, while Sydney and Melbourne property values have made up much of the ground they lost in 2018-9 and will reach new peaks sooner rather than later.