The property data from multiple research sources is becoming increasingly positive – not that
it’s ever been as negative as mainstream media has portrayed.

A more optimistic outlook for real estate markets is being seen in data on sales activity,
auction clearance rates and prices.

These more positive outcomes have occurred despite 10 consecutive interest rate rises by the
Reserve Bank - and pre-date the RBA’s decision to pause the rate rises at its April board
meeting.

And it’s worth re-iterating that, right throughout this period of continual rate increases, many
major markets in Australia have continued to deliver rising sales activity and rising prices.

Perth, Adelaide and Darwin in particular, as well as many of the regional markets, have
continued to defy the downturn pressures that have been most evident in Sydney and
Melbourne.