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PHOTO:\u00a0Australian housing market<\/strong><\/p>\n Good news for property investors: the Australian housing market is set to perk up in the next two years.<\/p>\n That\u2019s according to the 2019 August CoreLogic Hedonic Home Value Index, which revealed that the\u00a0Reserve Bank of Australia\u2019s rate cuts<\/a>\u00a0and the easing of credit standards would result in a pickup in the property market.<\/p>\n \u201cOur long-held baseline forecast\u2014that the trough in the national housing market has occurred\u2014is evident in improving activity in the Sydney and Melbourne markets, where 60 per cent of activity takes place,\u201d said Moody\u2019s Analytics economist Katrina Ell.<\/p>\n \u201cImproved auction clearance rates in these cities, alongside the return of monthly dwelling value growth, according to CoreLogic data, support the outlook for ongoing improvement.\u201d<\/p>\n READ MORE VIA YAHOO<\/a><\/p>\n