All signs point to recovery in city markets

City real estate markets are showing growing signs of recovery. Home loans are up 7% on last year and we're seeing growth in prices and rentals in many of the capital cities. As is always the case, the pattern is not even across the various markets. Perth and Darwin have had major increases in rents, with moderate rises in other cities. Darwin has had a surge in house prices, while Sydney, Perth and Adelaide have had moderate rises. The data is patchy for Canberra and Brisbane (often two sources deliver conflicting results). The general pattern indicates the price decline of 2011, which carried over into early 2012, has been arrested and growth is returning. There are increasingly bullish comments coming from market analysts about price growth over the next 12 months.

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