Property professionals are confident price growth will accelerate in all states with sentiment positive for the first time in NAB’s survey since early 2018 following the lift in house prices over the past three months.
Victoria was the strongest market while NSW was the most improved. WA also had positive results, which suggest the market there could be coming out of its downturn.
NAB says they expect first-home buyers to dominate sales with the new First Home Buyer Loan Deposit Scheme taking effect from January 2020.
Good news for village operators waiting for future residents to sell the family home.