NAB’s Head of Industry Analysis Dean Pearson discusses the survey.
NAB today released its Quarterly Australian Residential Property Q4 2014 survey. The survey shows that the outlook for house prices over the next 1-2 years has pared back in all states, with rent also weaker despite mildly stronger expectations in Victoria and Queensland.
Respondents to the survey expect house prices across Australia to increase by 1.5 per cent over the next 12 months, with Victoria and Queensland expected to experience the biggest gains.
The survey also highlights the suburbs around Australia that are tipped to experience above average capital growth.
Eastwood, Glebe, Manly, Marrickville, Newtown, Oran Park, Penrith, Ryde, Surry Hills and Sydney
Essendon, Glen Iris and Ringwood
Mile End, Norwood and Parkside
Baldivis, Belmont, Bentley, Kelmscott, Mandurah, Perth and Subiaco
Brisbane, Gold Coast, New Farm, Toowoomba and West End