Any talk of property bubbles bursting is well wide of the mark

Pick up any newspaper or property magazine at the moment, and you could be forgiven for thinking that the bottom has just fallen out of the housing market.

Although it is true that we have witnessed some minor price adjustments, the market is still very robust and talk of any bubbles bursting are wide of the mark. It is almost inevitable that the halcyon conditions that we have recently encountered would not last indefinitely.

Markets rise and fall, but unlike a lot of other developed countries, Australia is experiencing a calmer acclimation to turbulent external factors.

With prices more sensible and interest rates unlikely to increase any time soon, the spring is an ideal time to move home. Up until recently we have experienced a "sellers' market", whereas now there is a far greater equilibrium between supply and demand, creating a heightened level of stability.

Irrespective of market conditions, a property is only worth what a buyer is willing to pay, so study comparable evidence carefully and ensure that the price is realistic.

Douglas Driscoll is CEO of Starr Partners.