Oz property on the verge of 'better times'

Australia is expected to be one of the world's fastest-growing nations, with estimates of our population heading to 35 million by 2050.

House prices rose by 0.8 per cent in February and, while that might not sound like much, it is the biggest monthly increase in 18 months.

Prices rose in six of our eight capitals and in almost every major regional city, highlighting the strength of Australian residential property.

And further, we are seeing auction clearance rates hovering at about the low 60 per cent mark - with anything over 50 per cent suggesting that prices should continue to grow.

 Source: CourierMail