Home >  Blog >  NAB Residential Property Survey up strongly in March Qtr

NAB Residential Property Survey up strongly in March Qtr

Posted by Medical Financial Group on 12 April 2013
NAB Residential Property Survey up strongly in March Qtr

The NAB’s March Quarter Residential Property Survey has seen a large jump in the headline index, to a level of +35 (from +8 in Q4). This is the highest level in this Survey’s short history since 2010.

Residential housing market sentiment rose in Q1 across all states except Queensland. There was a big turnaround in sentiment in Victoria and South Australia, with the index now positive in both those states. NSW improved further, while WA remains the stand-out. Regarding the outlook, all states are expected to record stronger price and income growth in next 1-2 years.

House price expectations remain strongest in WA for the coming year (+3.8%) while the other states are all around 1½ - 2½% expected growth. Capital growth expectations in the next year are strongest in the sub-$500,000 range, but improvements are expected across all price levels.

However NAB’s house-price model indicates house prices will grow 1.7% over the coming year, so a bit weaker than the Survey respondents’ forecast of 3.8%. Perth, Sydney and Brisbane are expected to perform best.

The Survey again highlights the improving performance of the residential housing market. House prices rose in Q1 and are up across the country in the past year (except for Hobart), supported by lower interest rates and rising consumer confidence.

For the full report click on the link below:

NAB Residential Property Survey

Author: Medical Financial Group
Tags: News

Post comment

Latest News

View all news

Taxing times - why playing the long game is the key to surviving political uncertainty

Posted by Matt Connor on 22 May 2019
It's always an interesting time during election campaigns, when the country wait...

ATO Data Matching Changes - What You Need To Know

Posted by Mary Young on 17 April 2019
For a long time, the ATO has been using data-matching practices to ensure individual...

In or out? Insurance within super isn't all it's cracked up to be.

Posted by Sean O'Kane & Neal Durling on 27 March 2019
The fields of insurance and superannuation are complex and filled with both options,...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >


For Events and News

The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)