Tuesday, February 25 2014
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. NAB's 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%.