The current period of capital city home value growth has now run for almost 2.5 years

The current period of capital city home value growth has now run for almost 2.5 years. While this is certainly a long period of time to be seeing consistent home value growth, this growth period has been much more moderate than the 2001-04 boom. Furthermore, the rate of growth has been much more narrowly based than the broad-based increases in 01-04. Sales are currently lower, credit growth is more moderate while interest rates are much lower. Read more about my comparison between the current growth phase and the 2001-04 growth phase here: (VIEW LINK)