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Yes, I think the bottom has passed for Melbourne (and nationally). We have entered a new up cycle which is likely to continue for as long as interest rates remain around current levels. There might still be time for you to buy your old house back and perhaps come close enough to breaking even...

The monthly and quarterly data says the same - we're talking about the cumulative change since mid 2012 (nobody is making a big deal of a single day's movement, that's just a silly strawman).

Macrobusiness, LOL, the permagloom site. Melbourne is up 6% since mid last year...

Why would you think I was suggesting that? I don't get it? I didn't say what I thought the Melbourne market would do in the future - I pointed out that it has risen by 6% while MacroBusiness have been preaching gloom. Yet prices just rose 6%. The 6% increase is cumulative over 8 months, not just...

Your fixation on the false gloom peddled by doom merchants like MacroBusiness and Steve Keen is ultimately going to leave you in a worse financial position than you would otherwise be in. Their blinkered agenda is blinding you to what is really happening in the market. Melbourne is already up...