House Prices across Australia are on the rise with no end in sight

Auction clearance rates are on average around 70% – however Melbourne and Sydney are doing even better than the other capital cities. According to rpdata.com Australian property values were up 2.0 per cent in January and a further 1.4 per cent in February 2010.

While first home buyers are rapidly being priced out of the property market, cashed up investors snap up properties amid a housing shortage. There is evidence of increased demand from property investors and people trading up who are now feeling more wealthy and affluent, because the Global Financial Crisis has passed and there is quite a lot of buoyancy in the property market

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