NAB is forecasting property price growth to ease in 2016 according to the latest ….

NAB_Residential-Prop-Survey-Q4-2015

Price expectations were scaled back in all states. The strongest capital growth is expected in Queensland and Victoria, while NAB is forecasting NSW property growth to be flat, and property prices to fall in WA, SA and the NT.

NAB has lowered its house-price growth forecast for 2016 to 1%, from 2.3% previously, reflecting tighter credit restrictions, increases in supply, and amid continued affordability pressures around the country.

NAB is forecasting apartment prices will take the strongest hit, easing 1.2% in 2016, as an abundance of new supply comes onto the market.

Alan Oster, NAB Chief Economist, said, “Weakening fundamentals have already seen the market starting to cool, suggesting the best of the price gains are probably behind us.”

The survey also showed a decline in foreign-buyer activity in the market in the last quarter of 2015. Foreign buyers accounted for 14.4% of all new-property sales, compared with a survey high of 15.7% recorded in the third quarter of 2015. Foreigners bought 8.6% of established properties, compared with 9% in the third quarter.

 

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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