NAB Survey: Property insiders give up on 2012

Thursday, 12 July 2012

NAB’s quarterly residential property index is out today and shows gloom has overtaken industry insiders for the year ahead:

This was a big hit to price expectations from March:

Still, look at the way that bastard curves into black next year. Futureboom!

Here’s the full report.

Twitter: David Llewellyn-Smith. He is the Editor of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. Click for a free 21 day trial.

Residential Property Survey _June 2012

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.