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The most recent round up of capital city housing prices by Australian Property Monitors (APM) reveals that the June quarter saw the third consecutive period of quarterly growth for a resurgent national real estate market.
Melbourne was at the head of the pack, with five per cent quarter on quarter (QoQ) growth and 6.1 per cent year on year (YoY).
Perth house prices were close behind, ending the June quarter at 3.2 per cent higher than the March quarter, and with June 2013 prices up 7.5 per cent on June 2012.
Median house prices in Sydney also recorded strong growth, posting a 2.7 per cent increase during the three months to June and showing 6.7 per cent YoY growth.
APM senior economist Dr Andrew Wilson said that prices are being driven up by a low interest rate environment, robust economic performance in general and an upswing in confidence.
"Buyer activity in most capital city housing markets is now charging towards record levels with the fastest prices growth since the government-stimulated house price boom of 2009 and 2010," said Dr Wilson in a July 25 statement.
Indeed, median house prices in Sydney, Perth and Canberra all hit new highs by June.
In the NSW capital, the new record median house price of $690,064 was accompanied by a record unit price of $491,845.
Melbourne, meanwhile, saw its median house price get to within 1.4 per cent of the previous peak, ending last month at $553,447, with units selling at a median price of $411,714.
Nationally, the median house price across all markets rose by 2.8 per cent during the June quarter.
Dr Wilson said that this showed the market had recovered fully since corrective measures were enacted in 2011.
He expects the traditionally quiet winter market to defy expectations and be "one of the hottest on record".
"Buyer activity is set to accelerate through the remainder of 2013 with market momentum and prices clearly on the rise."
For sellers, the signals may well be clear: now may be time to get your act together.
While many may have been waiting for the normally strong spring selling season to get their property on the market, with buyers potentially already out in force there could be no time like the present to take advantage of a buoyant market.
Dr Wilson believes that investors are a "key ingredient" in the current house price growth, and that means property sellers could be faced with a wide range of interested parties once they go to market.
It's natural to want to maximise the selling price you get for a property, and there are many things key to achieving the best possible outcome.
These include marketing your dwelling in the right way, appealing to the interests of the most serious prospects and making smart decisions in a competitive market.
Whether you are selling the home you live in or one part of a larger investment portfolio, property is a significant asset with the potential to generate healthy capital gains.
Just as you'd turn to an expert to get the best deal on a home loan, it makes sense to benefit from the considerable experience of real estate professionals when you want to get the most out of your property sale.
A real estate agent can tailor a marketing approach to show off your dwelling's best features and show sellers exactly why they can't miss out on the opportunity to own it.
If you're interested in getting a great result in a time of healthy price growth, get in touch with a property professional today.
