A new report proves Australia's property market has remained "remarkably resilient" despite the country enduring its worst economic downturn since the 1930s.
A combination of record low interest rates, a brief dip in house prices and a range of government incentives have driven a surge in mortgage lending to first home buyers.
The Australian Bureau of Statistics' (ABS) property price index of the eight capital cities rose over the last quarter, led by Adelaide, which rose 1.6%.