15 Jul '17, 2am

Ah yeah! Is the #Australian housing market no longer a fair dinkum investment? #propertynews

Sentiment in the country’s housing market weakened last quarter, an Index revealed. National Australia Bank (NAB) said sentiment in the country’s housing market weakened in Q2 2017 after it reached a three-year high in the previous quarter, reported The Australian . While the lender’s Residential Property Index showed that optimism in the market declined by 17 points to 14 in Q2 2017, it believes that pent-up demand remains healthy, leading to a soft landing. The gauge hit its lowest level since mid-2016 and confidence in the housing market declined across all Australian states. Nevertheless, the gap between the most upbeat and pessimistic areas narrowed. “Falling confidence reflects weaker expectations for both house prices and rents,” said Alan Oster, chief economist of NAB. This year, the lender forecasts that home prices will increase by five percent compared to an ini...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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