New Data released this week by RP Data, shows property prices are on the increase across Australia. Generally, dwelling prices across all capital cities have increased by 4.7% to the end of March 2013. Darwin recorded the largest recovery in dwelling values, up 13.9%. At the other end of the scale, Adelaide and Brisbane recorded the least value increase at 1.5% and 3.1%.

Real Estate professional John McGrath believes “This is a fantastic time to be in the market – whether you’re a buyer or a seller. There is so much opportunity available right now for people willing to back themselves and invest for their futures.”

It is interesting to know that one in three new borrowers nationally are deciding to fix their home loan during March. That’s the highest proportion seen in 10 years. 29.6% of all new home loans was fixed – a leap from 24.1% in February and 16.3% in January.

We have seen a decline in First Home Buyers over recent months. With the combination on low interest rates and favourable market conditions, this is now an opportune time to enter the market and reap some immediate capital growth.