January is traditionally a slow period in Australia’s property markets. But not this year.

This time we’ve recorded a 0.9% increase following a 1.1% increase in December. Over the past 12 months, we’ve recorded a 4.1% increase nationwide, in particular, driven by the Melbourne property market and the Sydney property market. Sydney recorded a 1.1% increase over January and over the past 12 months 7.9% increase. Top performer here was Melbourne. 1.2% in January and a whopping 8.2% over the past 12 months.

So Australia’s property market is doing really, really well, which will result in increased customer confidence. With all the global and national uncertainty out there, increased customer confidence is very welcome.