Housing price growth peaked earlier this year and will slow to 1.9 per cent by next year, ANZ says in a new research report.

Population increase and demand for housing will ensure growth stays positive in Sydney and Melbourne.

But lending constraints tighten and other measures such as taxes on vacant properties will constrain growth.

The national pace of price appreciation will dip to to an annual 4.4 per cent this year, the ANZ Australian Housing Update says.

Prices will fall in Brisbane next year, however, due to the “significant” volume of new supply.

It tipped home values in Perth and Darwin continue to fall.

Housing markets in Canberra, Hobart and Adelaide will grow slightly faster than the nationwide average through 2018, Fairfax’s Australian Financial Review noted.

ANZ Australian Housing Update

“We anticipate that Australia’s housing market will broadly cool from here,” economists Daniel Gradwell and Jo Masters wrote.

“We believe that price growth will slow sharply due to a combination of policy changes and macroprudential regulation.”

The report also predicts housing construction to “gradually soften.”

“We think building approvals could fall by another 5-10 per cent in the next six to 12 months,” the report said.

The two biggest risks remain over-supply of new apartments in Brisbane and “to a lesser extent”, Melbourne as well as settlement failures, the bank said.

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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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