Retirement housing is being overlooked as a property investment strategy, according to property educator Jennie Brown.

The next phase of the property market's growth cycle will kickstart within 60 days, according to McGrath chief executive John McGrath in his recent Market Review for spring.

Dodgy building is on the rise as compensation for homeowners increased by 50 per cent in the past financial year to a record of $42 million in claims, according to the Queensland Government.

A major housing correction in Australia isn't likely due to better than expected retail spending and building approval figures from the Australian Bureau of Statistics, according to Chan and Naylor.