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

When self-help is not a one-person job

Posted by Sean O'Kane & Neal Durling on 22 February 2019
There are times in life when you're better off not putting your head above the p...

Kicking goals | The important step you're missing to achieve financial freedom

Posted by Neal Durling on 18 September 2018
Getting on top of your finances and working to build your personal wealth is an impo...

Money management 101

Posted by Sean O'Kane on 16 August 2018
When it comes to keeping on top of your personal finances, it can be easy to overthi...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >

SIGN UP

For Events and News