Australian property market 'recovering'

New data shows the Australian housing market has seen its strongest growth since the financial crisis took hold.

The figures from Australian Property Monitors show house prices rose more than 3.3 per cent on average across the country in the June quarter.

That is the strongest quarterly growth in prices since December 2007.

Sydney and Melbourne had the strongest growth during that time, but Darwin has seen the greatest price rises over the course of the year.

Growth in Brisbane's housing market has been more sluggish than average and Perth has bucked the trend entirely, recording a slight drop in house prices.

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Posted: 30 Jul 2009

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