Property analyst PRD Nationwide has offered a compelling explanation for why spring is a consistently good season for the property market: love.
“Like animals, humans tend to hibernate through winter and become more active come spring," said Craig Mendoza, director of PRDnationwide Yamanto in Ipswich, Queensland.
“Secondly, again like animals, there’s love in the air and buyers come looking a new home (nest).”
Warmer weather, optimum conditions for gardens and a desire to "relocate before Christmas" were also cited as key factors.
PRD Nationwide is anticipating another strong season, claiming low interest rates and rising rents would force buyers into the market.