Adding to today’s property melange, NAB’s quarterly property professionals survey is out today and shows a small rise in expectations for price growth:
NAB’s Residential Property Index rose to +8 in Q4’12 (+4 in Q3’12). WA (+41) the stand-out state, with Victoria (-15) and SA/NT (-20) negative. National index to climb to +49 points by Q4’13 and +61 points by Q4’14. WA to out-perform by some margin followed by Queensland. Victoria next best market in 2 years with SA/NT weakest.
Not at all unreasonable for 2013 and a confirmation of the recent ANZ survey of a similar stripe. 2014 worries me, though.