What about elsewhere? There is talk of slowing jobs growth in Perth as the mining boom shifts away from construction and towards production. Prices remain up very strongly y/y, but gains seem to have slowed up.
There appear to be tentative signs of life in Brisbane and perhaps better days ahead for the sunshine state it would seem.
The only city where prices remain below where they were a year ago is Adelaide, although with interest rates looking to be locked at bargain basement levels for some time to come, moderate rises would surely be on the cards.
Whether or not the city can recapture its previous peaks of 2010 only time will tell.