February prices
Not sure this will be sustained for long, but CoreLogic looks set to record capital city housing price increases of about +2 per cent in February, and possibly a little higher for the capital cities.
We'll have to see what the detailed CoreLogic release says, but it looks as though the monthly result is on the cusp of being the strongest since the post-Olympics boom of 2003.
The gains will be led by Sydney (+2½ per cent) and Melbourne (+2 per cent), with strong gains also to be posted in Brisbane and Perth.
Best guess looking at the nascent increase in new listings: the pace of price gains will likely begin to settle down a bit by April.
