Housing Prices Set To Fall Up To 11pc, NAB Says
House prices will end the year ‘‘roughly flat’’ before dropping 11 per cent or more in the biggest markets of Sydney and Melbourne next year.
House prices will end the year ‘‘roughly flat’’ before dropping 11 per cent or more in the biggest markets of Sydney and Melbourne next year.
Australia and New Zealand Banking Group’s mortgage market woes got worse in December, despite assurances late last year that the bank would return to growth this half.
House prices bounced 1.1 per cent in January, boosted by small gains in Sydney and Melbourne, but the longer-term trend shows a weakening in growth across the capitals, the latest CoreLogic data shows.
Housing market With many suburbs already hitting record highs, investors need to conduct thorough research to avoid paying above market value.