Housing Market is Picking Up

After an unusually long drop in prices, the housing market is finally picking up again.

Affordability has improved greatly, and first home buyers a lot of properties are now within reach of first home buyers.

Is this a clear signal that the market is picking up again? It's one of the signals. Auction rates have risen back up to the mid 60%, from a low of 50% just a couple of months ago. And this was followed by the smallest monthly drop in prices, since it start falling.

What do you think?

https://www.realestate.com.au/news/homes-became-affordable-again-for-average-income-buyers-in-20-suburbs/