Is this the beginning of a new property growth wave in Australia?

By Peter Spann

Recently I’ve been noticing a significant pick up in sales activity in Sydney, particularly in lifestyle suburbs.

Seems anything that’s listed sells quickly and anecdotally people are talking about growth rates year on year of 20%+

This is not necessarily reflected in average data but it tends to lag the real market.

I’ve always said all property waves start in Sydney – that was certainly my experience in the early 90’s where I made millions riding the wave to the end of the decade.

What’s your experience in the market?