The property market recovers...but for how long?

Analysts say the recovery could soon slow, which opens the door for renters who are ready to buy.

‘For Sale’ signs are seen outside an apartment block in Canberra, Friday, March 3, 2023. (AAP Image/Lukas Coch) NO ARCHIVING Source: AAP / LUKAS COCH/AAPIMAGE

Key Points

• Sydney has the highest price growth, at 6.7 percent, followed by Darwin, Brisbane, Hobart as well as Adelaide, and Perth has reached record prices, while Canberra held steady.
• Advertised weekly rents across capital cities were $550 per week in June, which represents a 17 percent jump over the past 12 months, however, regional markets held steady though, at $480 per week.
• House rentals are still high and expected to rise.