Australian house prices are set to keep growing by around 6% annually in the next 12 to 24 months. The latest NAB quarterly residential housing survey showed that housing market sentiment lifted again in the December Quarter, supported by faster house price growth in all states except South Australia and the Northern Territory. NABs forecast expects average capital city house price gains of about 6% this year. Queensland is set to lead the country, with Brisbane prices to increase 6.4% this year and 6% in 2015. Perth house prices are expected to grow 6.3%. Owner-occupiers continue to dominate the established housing market, driven by upgraders, and we expect this trend to continue over the next two years. NAB chief group economist Alan Oster explains why he thinks investors are not driving the market.
Posted on: Mon, 03 Mar 2014 00:57:12 +0000
Trending Topics
Recently Viewed Topics
© 2015