31.01.2013 - Australian house prices to rise 2.1pct over next two years: NAB industry survey
Expectations for house price growth improved marginally in the final quarter of 2012 but remain very modest, with just 2.1% growth tipped for the next two years, according NABís December 2012 quarterly residential property index survey. This compares with September quarter expectations of a 1.7% gain in house prices over the next two years. The expectations are based on the sentiments of around 270 property markets participants, predominantly estate agents (39% of respondents), property owners and investors (20%) and developers (17%)...............................................Full Article: Source
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