The stronger than expected rebound in the housing market could see dwelling prices match their peak of two years ago by the middle of next year.
The prediction from SQM Research's Louis Christopher comes after a further week of strong clearance rates. The focus swung firmly to the Sydney market with much of Melbourne distracted by the spring racing carnival, taking a toll on the volume of listings there.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
