"Housing markets are providing signs of reinvigorating after a softening of growth rates over the March quarter."
Strengthening auction clearance rates over May in both Melbourne and Sydney from record listings - together with rising buyer activity now in Brisbane and Adelaide - indicate upside potential for solid prices growth over winter, although not at the strong levels of 2013.
Although official interest rates remain on hold at the lowest levels for 60 years, indicative mortgage rates remain higher than the levels of 2009.
This indicates scope for downward mortgage rate movements from competition between banks for market share.
Low and falling mortgage rates will continue to fuel housing market activity.
