Alan Oster – chief economist for NAB predicts that Australian house and apartment Market is cooling down, especially in Sydney and Melbourne, contributing to a broader slowdown across Australia’s housing market.
He says a key reason a reduction in foreign investor activity and tightening of lending by banks.
The clock , says the NAB is favouring Hobart, Adelaide and Brisbane in 2018.
From the National Australia Bank’s latest residential property survey for the March quarter shows the Australian suburbs tipped to outperform the broader housing market over the next 12 months.
Around 300 experts took part in the survey, capturing the current opinions of real estate agents, property developers, fund managers and owners
Posted on April 7, 2018