- Australian home prices have fallen in each of the past nine months in average weighted terms, led by ongoing declines in Sydney and Melbourne.
- Many forecasters expect those trends will persist for sometime yet, perhaps lasting years rather than months.
- Property experts in the latest NAB Australian Residential Property Survey have revealed the regions they expect will enjoy above average price growth over the next 12 months.
Australian home prices are falling, led by continued declines in Sydney and Melbourne.
Many expect that trend will continue in the period ahead, including forecasters at the National Australia Bank (NAB).
However, just because prices are tipped to fall in Australia’s largest cities doesn’t mean that prices everywhere will do the same.
Based off recent data from CoreLogic, many markets are recording modest price gains at present, especially in regional areas and in more affordable capital cities.
If you’re in the market to buy in the not too distant future, or sell, the map below may be of some interest.
Based off responses in the latest NAB Australian Residential Property Survey, it shows the regions property experts believe will enjoy above average price growth over the next 12 months.
The latest survey captured responses from around 300 panellists, including those from real estate agents, property developers and asset managers.