According to this article we are perhaps in the midst of a housing market recovery in the big 3 cities of Australia at least.

I have been telling people for quite some time now that it is a buyers market and one can really shop around for a bargain. If the article is to be believed, there is a serious housing shortfall occuring at the moment. This is not surprising if it is in fact the case. Rent prices have not increased for quite some time in Sydney at least, while the house prices were soaring. We are long overdue for a rental increase, unfortunately it has happened quite suddenly, meaning that many increases have been quite high with no warning.

This perhaps will hurt those trying to get into property, however the investment buyers will love it, making housing a desirable investment vehicle.

As I have said in another post, those trying to get into the property market should look at investing first instead of buying their own home. House prices will not get cheaper!