Market commentators talk key reasons for the sense of underlying strength in the NSW housing sector.

The NSW budget papers gave 10 key reasons for the sense of an underlying strength in the NSW housing sector.

They were:

1. interest rates at historically low levels
2. consumer confidence has seen improvement
3. housing finance approvals are trending up
4. building approvals are increasing
5. vacancy rates are low and rents are on the up
6. housing activity is improving prices have begun to increase
7. housing affordability improved steadily over the 2012-13 period
8. rising investor demand
9. high auction clearance rates
10. and underlying demand remains strong driven by demographic trends, including higher population growth and solid household income growth.