NAB Q3 2019 Property survey reveals signs of recovery for Australian housing market

  • Oct 24, 2019 AEDT
  • Team Kalkine

The recently disclosed Quarterly Australian Residential Property Survey for the September quarter 2019 (Q3 2019) by National Australia Bank (ASX: NAB) suggest that the Residential Property Index has moved back into positive territory for first time since mid-2018, with large gains recorded in Victoria, in particular.

Overall, the Index rose 26 points in Q3 2019 to an above average +18. For the next 12 months and into 2021, the average survey expectation for national house prices is affirmative for the first time since early-2018, with Victoria and NSW leading the way.


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