Home prices in full recovery
House prices rose for the 8th consecutive month in August and are now just -0.75 per cent below the all-time peak, according to PropTrack.
Source: PropTrack
With the recovery now entrenched new highs will be recorded over the next couple of months.
Today's housing lending figures were solid, except for lending for new homes and construction which have continued to crash to 15-year lows.
Source: HIA
The target of 1.2 million well-located new homes in 5 years is a pipe dream, with dwelling commencements set to plunge.
