NAB pushes out first rate cuts to May 2025 as “lower for longer” strategy plays out
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NAB pushes out first rate cuts to May 2025 as “lower for longer” strategy plays out
Insight
Welcome to CoreLogic’s housing market update for June 2024.
Article
The future is looking bright for real estate business owners. Download the NAB Professional Services 2024 Real Estate Report to discover the key trends and opportunities.
Report
The NAB Residential Property Index continued its upward momentum in the March quarter
Insight
Commercial property sentiment rebounds as disparities in office conditions grow between states
Insight
Welcome to CoreLogic’s housing market update for May 2024.
Article
Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
Welcome to CoreLogic’s housing market update for April 2024.
Article
Welcome to CoreLogic’s housing market update for March 2024.
Article
Commercial property sentiment improved in Q4 but remained weak and below average
Insight
An exclusive Commercial Real Estate webinar on the on the Retail sector, including the latest market and property insights. Watch now.
Webinar
Welcome to CoreLogic’s housing market update for February 2024.
Article
In Q4 the NAB Residential Property Index continued its recent upward trajectory
Insight
NAB now expects an unchanged cash rate until late 2024
Insight
Welcome to CoreLogic’s housing market update for December 2023.
Article
Welcome to CoreLogic’s housing market update for November 2023.
Article
Growth holding up but subdued year ahead
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NAB expects follow up hike in February 2024
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Challenging conditions (particularly in Office and Retail markets) weighed further on commercial property market sentiment in Q3…
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The NAB Residential Property Index maintained its upward momentum in Q3.
Insight
Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
Insight
One of Australia’s most successful executives gives some inside tips at NAB’s Women in Property Finance industry networking event and reveals the biggest intellectual challenge of her post-Mirvac life.
The latest major bank profit reporting/trading updates suggesting households so far by and large are managing the transition to higher interest rates.
Very slow growth likely across the states in 2023-24
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RBA on hold for now but one more rise still likely
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Commercial property market sentiment and confidence moderates in Q2 amid growing economic uncertainty…
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The NAB Residential Property Index bounced sharply in Q2.
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Australian housing values have moved through a fourth month of recovery with CoreLogic’s national Home Value Index rising 1.1% in June, decelerating slightly from the 1.2% gain recorded in May.
Cash rate likely to hit 4.6% as narrow path sinks
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The national measure of dwelling values recorded a third consecutive rise last month, with the pace of growth accelerating sharply to 1.2%. After finding a floor in February, dwelling values nationally have increased 2.3% in the three months to May, following a 9.2% drop.
Report
Hear NAB’s senior expert panellists discuss a range of topics to provide key insights to help you and your business prepare for the current property market climate.
Webinar
An exclusive webinar on Residential Property Development Market. Watch now.
Cash rate likely to pass 4% in the coming months
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The NAB Commercial Property Index improved a little further in Q1 but economic uncertainty seems to be weighing on confidence.
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The NAB Residential Property Index recovered slightly, but is still well below the survey average and down sharply from the same time last year.
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The cash rate at a peak, but upside risks remain
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Population rebounding but growth slowdown looms
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Line-ball April meeting to take rates to 3.85% peak
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The NAB Commercial Property Index improved in Q4, but is still negative overall and trending well below the survey average.
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Three further hikes to come, cash rate to hit 4.1%
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The NAB Residential Property Index fell for the third straight quarter as the downturn in national housing prices deepened
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CoreLogic's national Home Value Index moved through a seventh month of decline last month with values dropping -1.0%, bringing values approximately -$53,400 below April's peak.
Report
An exclusive webinar on commercial real estate, covering the retail market and a property update. Watch now.
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NAB’s Commercial Property Index shifted back into negative territory in Q3.
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CoreLogic’s national home value index moved through its sixth month of decline last month, with values down a further 1.2%, taking the cumulative drop from the market peak to 6.0%.
Report
Market sentiment: is it a good time to buy, sell, renovate & other property intentions
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Series of 25bp rises ahead; peak rate of 3.6%
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Hear NAB’s senior economists discuss the trends, data and patterns shaping Australia’s property sector.
Webinar
COVID disruptions continue to fade while growth remains strong and labour markets are tight everywhere
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National housing market sentiment fell to below survey average levels in Q3 2022 as the downturn in the national housing market gathered speed and spread wider. Solid growth in rental markets however continued to provide some support.
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50BP rate rise now likely in Oct; 3.10% cash rate by end-22
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The housing downturn accelerated through August, as falling values became more widespread, taking CoreLogic’s national Home Value Index into a fourth consecutive month of decline. The national index was down -1.6% over the month, which was the largest month-on-month decline since 1983.
Report
NAB's Commercial Property Index eased to +1 pt in Q2 (+11 in Q1) amid reports market is starting to respond to higher inflation and interest rates.
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An exclusive webinar on NAB Commercial Property - Impacts of Global Supply Challenges on the Industrial Property Market. Watch now.
Webinar
NAB now expects rates to reach 2.85% by year-end.
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NAB now expects rates to reach 2.35% by year-end.
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National housing market sentiment fell sharply in Q2 as house prices weakened, but still positive supported by strong rents.
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A NAB networking event connects women across construction and property finance to help promote female participation in the sector.
RBA rushing to neutral, rates to reach 2.10% by year-end.
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In challenging market conditions Australians are choosing to use buyers agents more than ever before, we’ll take a deep dive to find out more.
Article
An exclusive webinar on Perth’s property market and rent roll insights for real estate agents. Watch now.
Webinar
NAB’s Commercial Property Index rose to +11 pts in Q1, building on the gains seen in the last quarter when the index moved back into positive territory for the first time in 2 years.
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Housing values are still rising at the national level, however, with a rise of just 0.6% over the month, April’s growth rate was the lowest reading since October 2020.
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RISING BUILDING COSTS AND A TRADES SHORTFALL ISN’T DAMPENING DEMAND, AS AUSTRALIANS EMERGE FROM TWO YEARS OF LOCKDOWNS, DETERMINED TO CREATE THEIR DREAM HOME.
Article
Strong CPI to bring forward first rate increase to May.
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Housing market sentiment buoyed by growing rents as prices slow, but confidence slips as expectations for price growth scaled back.
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RBA to hike rates in June, July, August and November, followed by a more gradual path through 2023 and 2024.
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COVID disruptions have continued but State economies have been resilient and labour markets are strong.
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NAB now sees the first rate hike coming in August; Gradual normalisation to follow through in 2023 and 2024.
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This NAB Private Wealth webinar delivers insights into Cyber Security and Fraud.
Webinar
Our Q4 survey saw commercial property market sentiment move into positive territory for the first time in 2 years, with the NAB Commercial Property Index at +3 pts.
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Peter Loukas, Property Executive NAB presents his insights on the residential property survey.
Webinar
Housing market sentiment and confidence continues to moderate as pace of monthly house price growth slows.
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RBA to hike in November, QE to end in February as expected.
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An apartment in the city, a home in the country and a rental place in the ‘burbs. That’s the dream. But before you pack your portfolio with property, consider these tips for the year ahead.
Article
The return of wealthy expats and pent-up demand has fuelled record-breaking prestige sales, making for a year unlike any other.
Article
Housing values continued to rise last month, but conditions are diversifying as stock levels rise and affordability pressures mount.
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Australian housing values rose 1.5% last month, a similar result to August and September. However, the trend shows the market is continuing to slowly lose momentum since moving through a peak monthly rate of growth in March 2021, when values were up 2.8%.
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The Q3 NAB Commercial Property Survey shows sentiment has declined, reflecting a fall in business confidence and conditions following the extended lockdowns in VIC and NSW.
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NAB brings forward rate rise timing to mid-2023; YCC to end in November given the RBA's lack of commitment; QE to end in February.
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NAB re-affirms its 2024 rate call and expects economic activity to rebound strongly as restrictions are eased.
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Market data shows house prices slowing, sales easing, and building approvals falling, the survey is also pointing to a market that has passed its peak.
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Australian housing values rose 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989.
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Keen to invest in commercial property through your self-managed super fund? Make sure you do it wisely and well.
Article
Despite many parts of the country remaining in some level of lockdown, the housing boom continued to roll on, with national home values rising another 1.5% last month.
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While Sydney and Melbourne remain a key risk to the outlook, NAB re-affirms its 2024 rate call.
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Q2 NAB Commercial Property Survey shows confidence edged higher, but recovery will remain slow.
Although the pace of housing growth has slowed, values continue to rise at a rate that is well above average across most areas of the country.
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Housing market sentiment lifts to a new high and dwelling prices now expected to grow around 19% in 2021 and 4% in 2022.
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Re-Affirming our rate view and an update on the outlook for QE.
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Housing market ended the financial year on a high note. Despite another month of strong gains, there are signs that some heat is coming out of the market
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A new phase of growth emerges across the states following a fast rebound.
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CoreLogic’s national Home Value Index up 2.2% in May - a stronger result compared with the 1.8% lift in April.
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YCC to end at Apr-24 and QE to be tapered to $75bn.
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Housing values are still rising at a rapid pace, up 6.8% over the past three months to be 10.2% higher than the COVID low in September last year.
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The NAB Commercial Property Index lifted for the third straight quarter, but remained negative and well below average.
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Australia is one of the most urbanised countries in the world with central business districts (CBDs) at the heart of economic, political, recreational, cultural and innovation activity. We explore the extent to which consumers have changed visitation to CBDs, why that is, and what would encourage them to return.
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We look at population dynamics over the COVID period and assess their implications for the outlook for rents.
NAB has upgraded its forecasts for dwelling prices, which are now expected to rise 14% in 2021 and 6% in 2022.
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The national home value index recorded a 2.8% rise, the fastest rate of appreciation since October 1988.
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Real estate businesses were justifiably anxious in early 2020. A year later they have good cause to celebrate. So how did we get here and can it last?
Article
Momentum continued to build across Australian housing markets last month, as values rise at the fastest rate in seventeen years.
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While NAB’s Commercial Property Index lifted for the second straight quarter, it was still weak and well below average.
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Housing values continued to rise through the first month of 2021
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Despite ongoing economic challenges, the NAB Residential Property Index ended 2020 at a survey high +45 points.
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Recovery from COVID-19 continues across Australia
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QE to continue, RBA to grapple with ending YCC.
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Australia's housing market continued to recover, with dwelling values up 0.8% over the month.
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The COVID-led economic downturn continued to weigh heavily on commercial property market sentiment in Q3.
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Housing market sentiment bounced back in Q3, but still weak as VIC continues to weigh heavily.
Regional housing markets continued to outperform the capital cities in October.
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APRA recently released updated details on the major banks’ home loan deferral scheme.
RBA cuts rates to 0.1% and announces $100bn worth of QE.
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Consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month.
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Yet house prices remain surprisingly resilient.
Australian home values moved through a fourth month of COVID-induced falls.
Article
Latest restrictions will hit Victoria’s economy hard, but COVID-19 has impacted all states.
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Record low interest rates, government support and loan repayment holidays for distressed borrowers have helped to insulate the housing market from a more significant downturn.
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Medium term outlook buoyed by positive growth in the Industrial sector despite challenging outlook across Office & Retail asset classes.
Webinar
Optimistic outlook across the Residential Property market despite varying levels of performance and recovery.
Webinar
The COVID-19 led economic slowdown had a major impact on commercial market sentiment in Q2.
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500k less people means a soft residential construction outlook.
The impact of COVID-19 on the economy has caused sentiment in housing markets to collapse in Q2, with confidence also falling to record lows.
Despite values being down in June, estimates of market activity showed a further improvement from the April low.
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NAB Private Customer Executive Greg Morris hosts Charter Keck & Cramer Chairman Scott Keck and NAB Valuations Manager Alex Dimou to discuss the Melbourne residential property landscape and share their positive outlook for the market.
Webinar
Despite the loss of momentum in housing value growth, buyer numbers have shown a solid rise in May.
Market activity dropped sharply from the second half of March and through April.
Brett Moore, Customer Executive Professional Services leads a discussion with NAB experts Alan Oster, NAB Group Chief Economist, Dean Pearson, Head of Economics Research and Mark Browning, NAB's Head of Residential Valuations in sharing their view on the varying impacts COVID-19 has had on the Real Estate industry.
Webinar
NAB Residential Property Index rises to survey high in Q1, but confidence shaken by Coronavirus impact on economy.
The NAB Commercial Property Index fell 8 points to a below average 0 in the March quarter.
No state or territory will be spared from COVID-19 economic fall-out.
March was the lowest monthly gain in national housing values and likely sets the tone for housing conditions over the coming months.
Housing values surged by 1.1% with 5 capital cities reaching new record-highs last month.
RBA to soon undertake yield curve control, reinforcing fiscal stimulus.
RBA to cut in March and again in April.
The NAB Commercial Property Index increased 5 points to an above average +8 in Q4.
Housing market update shows the rebound in Australian housing values has continued into 2020.
NAB Residential Property Index rises to a near 6-year high and is now positive in all states.
RBA likely to stay on hold in February – with labour market conditions buying time. But cuts are still coming.
The housing market recovery has continued to gather some pace through with our national index up 1.7% last month.
Little support from fiscal policy to see further cuts in February and June, with a move to QE in the second half of 2020 a real prospect.
Next RBA cut delayed to February 2020, with the risk of further cuts and QE by mid-2020 without fiscal stimulus.
The AFR takes an in-depth look at Australia’s infrastructure outlook.
Latest report shows a 1.2% rise in national dwelling values, delivering the fourth straight month of rising values.
The NAB Commercial Property Index fell 4 points to +3 in Q3 2019, in line with its long-term average (+3).
NAB Residential Property Index moves back into positive territory for first time since mid-2018.
More Australians will be able to access affordable housing following a $2 billion commitment from NAB which will see more homes being built across the nation.
Housing market made further progress towards a recovery in September, recording the third consecutive month of gains.
The Australian economy grew by 1.4% over the year to the June 2019, its weakest growth since 2009.
RBA to cut in October and again in December, taking the cash rate to 0.5% by year's end.
Recovery in housing values accelerated in August.
Have dwelling values finally found a floor in July?
Overall market sentiment lifted 9 points to +7 in Q2. It rose in all states (bar SA/NT), and was highest in VIC & NSW.
Current market sentiment among property professionals still negative but lifted in Q2 post the Federal election. Future expectations also improved sharply, reflecting a stronger outlook for prices and rents.
Lower mortgage rates and improved sentiment could already having a flow-on effect for housing market conditions.
According to a new report by CSIRO, Australia will have well-connected, affordable capital and satellite cities that offer equal access to quality jobs, lifestyle amenities, education and health services if three levers are implemented.
Although dwelling values fell in May, the pace of decline continued to ease; a trend that has been evident since the beginning of 2019.
We invited Treasury representatives from four non-bank financial institutions and one UK-based asset manager – Liberty Financial, La Trobe Financial and Resimac Group in Australia and Kensington Group and TwentyFour Asset Management in the UK - to an International Round Table to discuss the opportunities and challenges in their respective mortgage and securitisation sectors.
Australian dwelling values fell half a percent last month as the pace of home value declines continued to ease.
Overall market sentiment (measured by NAB’s Commercial Property Index) fell 11 points to -2 in Q1 2019 - its first negative read in over 4 years.
Deterioration in conditions in most states, with current momentum negative. Household sector weakness evident, investment still ok (outside mining), while agri. facing easing prices and needs rain. Housing sector downturn, population growth centred on the eastern states, agricultural prices easing.
Australia recently experienced one of its largest booms on record in residential investment, driven by new construction as renovations to existing homes inexplicably languished. The Weekly analyses.
NAB’s view is that prices will decline further over the next year or so - led by further declines in Sydney and Melbourne. We also see the adjustment continuing in an orderly manner, with prices remaining well up on 5 years ago.
While the pace of falls has slowed in March, the scope of the downturn has become more geographically widespread.
The Weekly explores falling house prices – how do they compare with history and international experience?
A little innovation based on a big idea.
National dwelling values have returned to levels last seen in September 2016, and values have fallen over fourteen of the last sixteen months.
National dwelling values were down 1.0% over the month, which was the thirteenth monthly fall over the past fifteen months.
In this Weekly, we delve further into the ins and outs of the Australian housing sector.
Overall sentiment among property professionals increased marginally in the final quarter of 2018.
Australian housing market sentiment ends the year on a very weak note falling to new Survey lows, according to property professionals. Confidence levels (expectations) also drop to below average levels suggesting market momentum will probably fall further.
New research reveals how Australians are weighing up the housing market.
There’s growing awareness across industry, government and the community that we need to improve the way we design, build and operate the buildings in which we heal.
National dwelling values slipped 0.7% lower over the month, led by larger falls in Sydney and Melbourne where the pace of decline has accelerated. Nationally, dwelling values are down 4.2% since peaking in October last year, reducing back to levels last seen in December 2016.
After a year of credit spread tightening, investors are becoming more cautious and selective.
In early 2018, two entrepreneurs launched a website that aimed to address the housing affordability crisis by facilitating co-ownership. A few months later, they had an even better idea.
As 2018 draws to a close, we’d like to share some of the achievements of our Corporate and Institutional clients over the past year.
Build-to-rent could provide new avenues for investors as well as improve housing affordability, a NAB conference has been told.
Housing market cools; job ads pull back.
On a rolling quarterly basis, dwelling values are now trending lower across both the combined capital city regions, where they were 1.6% lower, as well as across the combined regional areas of Australia where values were almost 1% lower.
We open this week to news that auction clearance rates in Sydney and Melbourne continue to run in the mid-to-low 40%s.
This week, we report on the main points of interest of UK and European investors on the Australian and NZ economies following a marketing trip there.
Overall sentiment in commercial property markets (measured by the NAB Commercial Property Index) fell 9 points to a 2-year low +8 in Q3, but is still well above long-term average levels (+3).
The Australian housing market continued to weaken over the month, with national dwelling values falling 0.5% in September, marking twelve months of consistently falling values across CoreLogic’s national hedonic home value index.
A strong first half and continuing near term momentum but slowing into the medium term.
The NAB Residential Property Index fell sharply for the second straight quarter in Q3 2018, down 15 to a 7-year low -9 points, and its first negative read since mid-2012.
This week, we thought we would look in brief at two important issues and how they are impacting the Australian economy and financial markets.
Financial market approaches to understanding the resilience of assets to climate change are fast evolving and ensuring customers and clients are ready to act to limit climate change is a key focus at NAB.
SEEK data for August showed that Job Ads fell again and the RLB Crane Index reported that residential high-rise surprisingly increased.
Nationwide dwelling prices have fallen 4% since their peak in November 2017. How much further will prices decline? As you’d expect there is no simple answer.
Another decent outcome.
The last month of winter saw the housing market correction deepen, with dwelling values falling across five of Australia’s eight capital cities. CoreLogic’s national index was down three tenths of a percent over the month taking the cumulative decline since values peaked in September last year to 2.2%.
Our expectation for the Australian economy is that GDP will increase by just under 3.0% in 2018 and 2019.
Property issuance in the US Private Placement market is back in favour with investors across North America.
Caution but not panic is the mantra among top Australian property investors as they adjust to a new phase of the market cycle.
Last month we saw our national index move through the tenth straight month of falling home values.
Overall sentiment in commercial property markets (measured by the NAB Commercial Property Index) moderated in Q2. The Index fell 4 points to +17 but remains well above its long-term average (+3).
In today’s Weekly we review the important speech by APRA Chair Wayne Byres last week, which covered developments in housing lending standards.
China’s M2 money supply grew less than expected on Friday.
CoreLogic’s national housing market index showed a remarkable reversal in housing market conditions over the past year.
The NAB Residential Property Index fell sharply in the June quarter 2018, down 17 points to +6 to sit at its lowest level since mid-2016 and well below its long-term average (+14).
Political risks and uncertainty may be on the rise. But a recent tour of Asia for the NAB Asian Debt Capital Markets Conference reminded NAB Global Head of Research Peter Jolly of the many causes for optimism about Australia’s economy.
When Australia’s first green residential mortgage-backed securities (RMBS) tranche was issued by NAB in February 2018, it was an exciting development for the sustainable debt market in its own right. The transaction also marks another step in the process of unlocking the bank’s balance sheet for sustainable lending and borrowing.
Nationally dwelling values continued their downwards trend last month; the seventh consecutive month on month decline since the national index series peaked in September last year.
GDP Growth rebounded in Q1, supported by the household and government sectors and export growth.
The world’s first sustainability bond from a university is funding a better future for students and for vulnerable communities.
First 25bp increase now expected mid-2019.
Nationally dwelling values continued their downwards trend last month; the seventh consecutive month on month decline since the national index series peaked in September last year.
It was a subdued end to last week for markets, oil still high in the aftermath of Trump reimposing sanctions on Iran. The housing sector is our special topic for this Weekly.
Daylight, a sense of space, a natural outlook… architecture professor Julie Willis on how Australia is taking up the ethos of beautiful hospital design.
Fitting out or refurbishing a work space? It’s a big outlay. These tips can help you spend wisely.
Overall sentiment (measured by NAB’s Commercial Property Index) rose 4 points to +21 in Q1.
Australian dwelling values held firm in March, with the combined capitals continuing a softening trend, recording a 0.2% fall, while regional markets saw a 0.4% rise in values over the month.
The NAB Residential Property Index rose 3 points to +23 in the March quarter 2018 and remains well above its long-term average (+14).
Nationally, dwelling values recorded their fifth consecutive monthly decline in February, taking the value of housing 0.8% lower since the market peaked in September last year.
Australia recorded subdued economic growth in Q4, with the detail painting a mixed picture.
NAB economics changes cash rate view to one 25bp increase in late 2018.
Sentiment towards Australian housing market positive in Q4, but confidence wanes. NAB’s view for 2018 largely unchanged, but degree of moderation ramped up.
We’re living longer and our kids are experiencing the challenges of establishing themselves in a world of higher house-to-wage ratios. Our over-leveraged governments have responded by cutting back on spending in health, education and social services as well as super tax breaks that encourage us to save. The upshot is, we have to rely on ourselves for a comfortable long-term future.
Nationally, dwelling values were unchanged in November 2017 according to the CoreLogic home value index.
While there was plenty of concern about potential geopolitical and economic crises at the recent ASFA conference, at least one senior industry figure was upbeat.
Business and government led growth
Way out West: mining and exploring again.
CoreLogic’s national Home Value Index held steady in October, confirming a cooling trend in housing market conditions.
Overall sentiment in commercial property markets moderated for the second straight quarter, with NAB’s Commercial Property Index down 5 points to +18 in Q3, but still well above long-term average levels (+2).
Economic growth in most states is expected to strengthen somewhat in 2017-18 before moderating a little in 2018-19 as dwelling investment and LNG exports peak.
Australian housing market sentiment lifted over the third quarter of 2017, supported mainly by a large increase in the number of property experts reporting positive rental growth in the quarter and continued house price growth in most states.
Overall we are expecting that growth rates will continue to moderate across the combined capital cities.
Balancing multiple objectives, as business remains strong and consumers cautious.
Traditional law and accounting firms need to take a hard look at their business models and ways of pricing, or they risk getting left behind. The man who brought the term NewLaw to the world and has researched and written extensively on the subject gives five pieces of advice.
The latest housing market results showed dwelling values held firm nationally.
RBA to remove some emergency accommodation in 2018.
Under the pressure of managing day-to-day responsibilities, successful business owners don’t always realise they may also be in a position to build a property portfolio.
Get the latest monthly update on housing market conditions around Australia.
No imminent return to “neutral”
NAB Group Chief Economist Alan Oster says that commercial property sentiment continues to vary widely by sector.
Australian housing market sentiment (measured by NAB’s Residential Property Index) fell noticeably in the June quarter after climbing to a 3-year high in March.
Encouraging signs emerging, but long-term headwinds keep RBA on the sideline.
Get the latest monthly update on housing market conditions around Australia.
Population tilting higher.
Strong focus on the implications of the beginning of normalisation of rates by the Bank of Canada.
Get the latest monthly update on housing market conditions around Australia.
Business versus households – how will the situation resolve itself?
Australian economy ekes out modest growth in Q1
The peak in the housing construction boom is approaching. 'Oversupply' of apartments warrants close monitoring, although various industry constraints will provide an offset.
Get the latest monthly update on housing market conditions around Australia.
Sentiment in commercial property markets continues to vary widely across states.
The APRA Chairman and RBA Governor both make clear that the recent moves reflect a desire to further tighten lending standards in what is considered to be an environment of heightened risks.
Australian housing market sentiment jumped to a 3-year high in the first quarter of 2017.
With house prices rising, vacancy rates declining and a previous drop in building approvals, it’s likely that residential construction activity should begin to strengthen.
Get the latest monthly update on housing market conditions around Australia.
Growth will remain solid across the large south-eastern states, while there are signs of stabilisation in mining states as the end of the downswing in resource-related investment approaches.
Commercial property market sentiment has continued to build on the positive gains seen in our last survey. NAB’s Commercial Property Index rose 5 points to +21 in Q4 - its highest level since the Survey began in early-2010.
NAB Economics changes cash rate view to one 25bp cut in late 2017.
Get the latest monthly update on housing market conditions around Australia.
By state, confidence has improved in VIC and QLD relative to the last survey, but this was offset by much weaker confidence in SA/NT and a small fall in NSW
According to the most recent surveys, business conditions and household sentiment are solid, and on an upwards trend.
Australia’s population growth remains strong by historical and international standards at around 1.4% y/y. That is 338,000 persons in the past year – nearly equivalent to the population of Canberra being added to Australia each year.
Get the latest monthly update on housing market conditions around Australia.
In his 2007 best seller “The Black Swan” Nassim Taleb uses the life of a thanksgiving turkey as an analogy for explaining a black swan occurrence i.e. a tail event that is so remote that is completely unforeseen.
NAB, in collaboration with CoreLogic, released the Spring Edition of the Housing Market Report on Monday 21 November.
Get the latest monthly update on housing market conditions around Australia.
Australian housing market sentiment improved in the third quarter of 2016, supported by more positive expectations for house price growth.
US Equities are off, the VIX is up, the US dollar is lower, US Treasury yields are lower and the Mexican Peso/Japanese Yen cross (-2.5%) is still proving to the be the FX market’s weapon of choice when it comes to reflecting sentiment regarding the prospect of Donald Trump.
While GDP growth has been modest, jobs growth remains solid and inflation is edging up.
Get the latest monthly update on housing market conditions around Australia.
The bigger picture – A Global and Australian economic perspective.
The outlook for the labour market is key. While we continue to expect the unemployment rate to remain in its recent range between 5½% and 5¾%, the recent softening in trend employment growth bears close watching.
The past week has been dominated by bond yields moving higher as have oil prices.
Selling of Sterling re-emerged in the Asia session yesterday and into London as the prospect of a “hard” exit from the EU loomed large.
How one assesses Australia’s economic performance at present depends in large part on which industry / geography one looks at and whether the benchmark is in real or nominal terms.
Get the latest monthly update on housing market conditions around Australia.
The results from this month’s survey remain broadly consistent with our prior view of the economy and the near-term outlook. It points to a patchy, but sustained, improvement in the non-mining economy, with the major services sectors and construction leading the way.
The most market-sensitive events this week are an RBA speech Tuesday morning, the NAB Business Survey (also Tuesday) and the latest Labour Force statistics on Thursday.
Australia’s wellbeing has fallen across all measures - life satisfaction, life worth, happiness and anxiety.
Expenditure components show a lift in domestic demand, supported by public spend.
This week, we thought we would focus on three themes: (i) Friday night’s US labour market data; (ii) this week’s upcoming Australian Q2 GDP data; and (iii) some thoughts on apartment settlements.
Q2 GDP growth expected to ease to 0.3% in the quarter (down from 1.1%)
The major development for markets last week was confirmation that the US Federal Reserve is looking to hike interest rates this year.
The Australian dollar has opened this week close to 0.76 US cents, having lost some ground last week amid warnings from several key Fed speakers that the market is under-pricing the chances of a Fed rate hike this year
NAB, in conjunction with CoreLogic (RP Data), brings you the Australian Housing Market Update for August 2016.
The Housing Market Report is your guide to the current home value trends in Australia. You’ll find information about what’s happened over the last 12 months, as well as NAB’s expectations of where prices are headed in the near future.
Sentiment in the retail commercial property market has risen to its highest level in over six years. However, strong retail market confidence was not enough to offset the lower sentiment recorded across the office, industrial and CBD hotels sectors. Overall, the NAB Commercial Property Index fell 7 points to +5 in the second quarter of this year.
Last week’s RBA rate cut has strengthened the argument that the RBA is uneasy about the outlook for Australian inflation.
The market has continued to price toward the likelihood that the RBA will cut rates again at tomorrow’s Board meeting, pricing in this morning a 64% chance of an easing, with 36 of 47 economists surveyed by Reuters on Friday forecasting a cut this week.
Over the past few years, the rate of increase of Australian house prices has at times been of concern to the RBA.
Last week’s local data provided further indication that the recovery in the non-mining sectors has continued through the June quarter.
Housing sentiment softens but still positive. Victoria and Queensland expected to provide the best capital returns in the next 1-2 years as prices continue falling in WA. Overall demand from foreign buyers continues to shrink as buyers retreat from Queensland and re-focus towards Victoria.
Welcome to the CoreLogic overview of Australian housing market conditions for July 2016.
The early part of last week saw a continuation of post-Brexit equity market weakness, falling bond yields and generally heightened uncertainty.
It’s now nearly 72 hours since British voters voted to exit the European Union and we examine the aftermath of this decision.
NAB, in conjunction with CoreLogic (RP Data), brings you the Australian Housing Market Update for June 2016.
Today’s weekly focuses on what the low inflation environment means for monetary policy, and what discretion the RBA has in “looking through” low inflationary periods.
At the start of this month we’ve seen another cut to the cash rate, taking official interest rates down to a new historic low of 1.75%.
Sentiment in Australian commercial property markets softened a little, but remains well above long-term average levels. Despite some pull back, CBD hotels and office markets continue leading the way, with NSW still at the forefront by state and WA floundering.
The NAB Residential Property Index rose to +6 in Q1’16 (+1 in Q4’15), but is still sitting below its long-term survey average (+13).
NAB, in conjunction with CoreLogic (RP Data), brings you the Australian Housing Market Update for April 2016.
The first two months of the year have seen the housing market regain some of the losses recorded over the final quarter of 2015, with capital city dwelling values rising by half a percent in February following a 0.9% rise in January to take our hedonic index 1.4% higher over the year to date.
The Housing Market Report is your guide to the current home value trends in Australia. You’ll find information about what’s happened over the last 12 months, as well as NAB’s expectations of where prices are headed in the near future.
With the mining boom at an end, the dining boom has certainly fuelled the Australian agricultural sector. This sector is 5 percent of the Small Ordinaries and has been a source of great returns over the past few years.
In our second annual survey, we take another look at what makes this country such a special place to live.
The property market is clearly cooling as a result of deterioration in affordability due to higher prices and marginally higher mortgage rates.
In this discussion of alternative investments, Nick Ryder explains that the increased weighting in this asset class is the result of less attractive prices in traditional asset classes.
NAB, in conjunction with CoreLogic (RP Data), brings you the Australian Housing Market Update for February 2016.
Despite an overall improvement in commercial property market sentiment, the survey reveals that fewer developers are planning to start new works in the short-term.
The NAB Residential Property Index fell to +1 in Q4 (+10 in Q3) and now sits well below its long-term average (+13).
In November we’ve seen small declines in dwelling prices in Sydney and Melbourne with auction clearance rates falling to 60% along with average selling time. Reversing recent trends, prices in other metros rose in November.
The December Housing market updates shows the highest annual growth rates are still being recorded in Sydney and Melbourne.
Movements in the residential property market affect everyone - whether you’re an investor, an owner occupier, or a renter. After several years of incredibly strong house price growth, primarily in Sydney and Melbourne, there is now heated debate over where prices are likely to move.
Office property re-emerges as the strongest commercial property sector. Overall sentiment in Australian commercial property markets has moderated a little, but it remains at elevated levels and continues to vary widely across sectors and states.
The housing market appears to be moving through an inflection point with the rate of capital gain reducing over the past three months.
Australian residential property price growth has continued to surpass expectations in recent quarters, suggesting more limited scope for further gains.
Housing market sentiment softens as expectations for future price growth and rents are scaled back in most states. Queensland is the exception, replacing NSW as the most optimistic state for residential property and tipped to lead the country for price and rental growth over the next 1-2 years.
Melbourne has overtaken Sydney as the best performing capital city over the past quarter in the latest NAB housing market update.
In the past 12 months Sydney values have increased by 17.6%, Melbourne values by 10.6% with the next best performing capital city being Brisbane seeing a growth in values of 3.9%. The disparity in the top performing growth rates highlights just how diverse the housing market has become post GFC.
Diverse opportunities in the non-Central Business District (CBD) office sector mean high net worth investors can invest through pooled/syndicated vehicles or directly. Peter Cashmore, NAB Senior Real Estate Equities Analyst, outlines what investors need to know.
Feeding off Monday’s 8.5%plunge in the Shanghai index and not much else, US stock markets have just closed with the S&P500 down 3.92%, the NASDAQ -3.81% and the Dow 3.56%. This masks much more extreme intraday volatility and which saw indices down more than 5% earlier in the US session.
The latest NAB property market updates are now available, take a look at the national or your capital city update.
More positive signs emerge as NAB’s Commercial Property Index rises for the second consecutive quarter. Encouragingly, sentiment is now positive in all commercial property market segments, but remains very divergent across states.
NAB Residential Property Index (of prices and rents) fell slightly in Q2, dragged down by rents. VIC rebounds, but NSW to lead price and rental growth in next 1-2 years with WA lagging.
Positive signs emerge as NAB’s Commercial Property Index climbs to a 4-year high with a notable pick up in confidence among property developers.
Self-storage, healthcare and childcare are emerging markets to watch in the commercial property sector, as Peter Cashmore, Senior Real Estate Equities Analyst, NAB reports.
Crown Group CEO Iwan Sunito turned a love of drawing and desire to own his own business into a property development empire spanning Australia, Singapore and Indonesia. The group has $3.5 billion of projects in the development pipeline in Australia and Asia. He talks to Anna Fenech.
NAB’s Residential Property Index rises as stronger house price growth offsets falling rents. Sentiment is up in all states except WA which remains deeply negative. Foreign buyers are more active in NSW (1 in 5 new sales) and are now at similar levels to Victoria.
Sentiment in commercial property markets softened in Q4 after September’s promising gains. Retail sentiment (and to a lesser extent industrial) buck the trend, offset by falls in CBD hotels and office. Forward indicators are painting a mixed picture of the market.
NAB Residential Property Index falls as house price expectations pared back and rents weaken. Sentiment softer in all states (and still deeply negative in WA). Almost 10% of all property is being purchased by first home buyers as an “investment”.
If you're thinking of buying an investment property, financial commentator Peter Switzer explains what’s involved in property investment through Self-Managed Super and the key advantages and limitations to consider before making a decision.
Financial commentator, Peter Switzer, explores property investment through Self-managed Superannuation Funds (SMSFs). Peter explains the benefits of borrowing through an SMSF, steps to get an LRBA as well as some 'Do nots' when considering if it's right for your situation.
It’s tempting for business owners to buy their own commercial property – the reasons are many and varied. So what’s the right step for your business? Finding an answer requires some careful consideration. We look at the pros and cons of renting versus owning.
The latest issue of Business View magazine celebrates successful Australian business women. In our cover story we talk to top horse trainer Gai Waterhouse about overcoming barriers and what underpins the success of her business. We also chat to Collette Dinnigan and Lisa McGuigan.
Overall sentiment in Australian commercial property markets turns positive for the first time since early-2011, but WA continues to weaken. NAB Group Chief Economist Alan Oster said "NAB’s Commercial Property Index rose to +2 points in Q3, its first positive read since March 2011.”
NAB Residential Property Index unchanged with stronger house price expectations offset by weaker rental prospects. Sentiment continues to soften in WA (an all time low). Big pick-up in foreign buying activity in new property (especially VIC) and tipped to rise further.
NAB Commercial Property Index fell -3 to -6 points in Q2 and continues to track below business confidence. NAB Group Chief Economist Alan Oster said: “Sentiment was weaker in all market segments, except CBD hotels, and also negative in all states, especially in WA.”
Housing market sentiment falls as house price growth slows and rental pressures continue to weaken. Local investors step up and foreign buyers less prevalent.
The end of financial year is a busy time for the businesses, but there’s still an opportunity to get yours into shape for June 30. Executive General Manager of NAB Business, Angela Mentis shares seven practical strategies to help your business make the most of tax time.
The end of financial year is a busy time for the healthcare sector, but there’s still an opportunity to get your business into shape for June 30. NAB Health General Manager, Nehemiah Richardson shares seven practical strategies to help your business make the most of tax time.
The synchronised movement in bond and equity prices has many strategists wondering what is going on - both the bond market and equity market cannot be right about future growth. We provide insights on our favoured asset classes and how best to position your portfolio.
Last month, investors ignored mixed economic data and geopolitical risks to push the US share market to a record high, reports James Wright, Chief Investment Officer, JBWere. Read more to also find out what happened in currency markets and the residential property market from Nick Ryder
NAB Commercial Property Index rises above long-term average, but overall still negative (-3 points) and below NAB Business Confidence. Sentiment stronger in all markets, except office (unchanged) and in all states (except NSW and WA). Forward expectations however softer.
Housing market sentiment lifted slightly in Q1 2014 as sentiment improved in SA/NT and NSW, but softened in Victoria and WA. The outlook for house prices strengthened in all states except Victoria, with Queensland showing the biggest gains in the next 1-2 years.
There’s been a lot for Aussie businesses to talk about recently – from the action on Melbourne’s Chapel Street to where to find the richest retirees. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
Sentiment rises further in Q4, with NAB’s Commercial Property Index reaching a 2-year high (but still negative overall). Improvement driven mainly by office and retail, although both segments still under-performing. Sentiment edged up in all states bar Qld and SA/NT.
Housing market sentiment lifts in Q4, supported by faster house price growth in all states (bar SA/NT). House prices expected to keep growing in next 1-2 years, but at slower rate than predicted in Q3 survey. Queensland is the exception and now set to lead country for capital gains.
The big question for 2014 is whether the Australian dollar will keep trending lower with perhaps a secondary question about whether Australian property will continue to boom. According to Business Spectator’s Alan Kohler - yes and yes.
There’s been a lot for Aussie businesses to talk about so far in 2014 - from weather predictions to our reading habits. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
Start to prepare for a new era in the Australian Chinese relationship. Well within five years, instead of simply looking at Chinese manufacturing, Australia will look at the tourist bookings due to a very big rise in Chinese tourism.
This year in business there's more to talk about.
Commercial property market sentiment improved slightly in Q3, in line with a modest pick-up in confidence also seen in NAB’s Quarterly Business Survey. However, NAB’s Commercial Property Index is still deeply negative (-13) and below its long-term average (-7).
Housing market sentiment strengthened notably in Q3, underpinned by an acceleration in house price growth in all states (bar WA). The Survey is pointing to faster price growth ahead (led by NSW and Queensland), but gains are expected to be relatively modest.
The NAB Quarterly Business Survey showed a marginal deterioration in overall business conditions in the June quarter, with the level remaining close to four year lows. All states experienced difficult conditions in the quarter.
Sentiment in the commercial property market weakened notably in Q2 2013. The recent softening in economic conditions (and more subdued outlook for GDP growth) seem to have weighed most heavily in office and industrial markets, with retail unchanged (but very weak).
Housing market sentiment weakened in all states in the June quarter as prices took a backward step and rents slowed. Capital and rental expectations were also more measured, with confidence seemingly undermined by softer economic growth.
The NAB Commercial Property Index rose in Q1’13 (but still remained negative), driven by an uplift in sentiment in the office, retail and industrial property markets.
NAB’s Senior Tax Advisor and panel of leading economists break down the tax impacts from the 2013 Federal Budget. Understand what the changes are for individuals and businesses including a recap on those that were previously announced.
NAB’s Group Chief Economist, Alan Oster, looks at the key reforms impacting Big business. The Federal Budget focuses on a crackdown on profit shifting, banning of dividend washing, reducing thin capitalisation safe harbour, removal of R&D and exploration incentives.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian housing market and the outlook for interest rates. Join us on Wednesday 15 May for a full budget breakdown.
Housing market sentiment rises across all states except Queensland. NAB Residential Property Index climbs sharply as more property professionals report capital and income growth. The out-performance of WA continues, but there was a big turnaround in expectations in Victoria. All states …
Want to maximise your retirement savings? Property investment through a Self Managed Super Fund could be an effective way to save for your retirement and may be tax effective.
The disparity between business conditions that became increasingly pronounced following the GFC has narrowed over recent quarters; however, the convergence of conditions readings largely reflects a weakening in previously stronger performing industries and regions, suggesting…
NAB Commercial Property Index increased slightly to -17 points in Q4’12 but performance varied across individual property markets. CBD hotel index rose strongly, but retail and office indices hit new lows as economy slowed. Recovery expectations also postponed in all markets …
NAB Residential Property Index rises in Q4’12 as the rate of decline in national house prices slows and rents grow. Property professionals expect mild house price gains in the next 1-2 years, with expectations for capital gains highest in WA and weakest in SA/NT.
As far as property performance goes, it’s been a mixed bag in 2012 with residential outperforming the commercial sector. James Connell, who heads up Melbourne real estate agency Marshall White, discusses property performance in 2012.
NAB Commercial Property Index hits new low of -19 points in Q3 2012 as domestic economy passes through a soft patch with business conditions weaker and forward indicators concerning. Retail participants least optimistic, but expectations soften most in office and CBD Hotel markets.
The ASX 300 Quarterly Business Survey captures the views of the ASX 300 business community and is a key peer comparator for companies. It aims to share business insights and an understanding of economic confidence for the quarter.
SME confidence and conditions better in Q3 but still below average; sentiment of SMEs now in line with their larger counterparts but activity, capacity utilisation and new orders continue to under perform. Strength in recreation & personal services and transport a consistent theme
NAB Residential Property Index turns positive in Q3’12 as property professionals see downward correction in national house prices slowing. Market expected to recover in the next year, with prices rising 0.4% nationally. Prices to rise in all states except Victoria.
NAB’s Quarterly Australian Residential Property Survey focuses on conditions in the Australian residential property market. NAB’s Residential Property Index fell in the June quarter, weighed down by weaker conditions in Victoria and NSW. The national housing market is expected to remain soft over the next year with property professionals predicting a -0.7% decline in house […]
NAB’s Commercial Property Index slips to a new low of -16 points in Q2’12 as fewer property professionals expect positive capital or income returns. Retail and industrial market participants are very pessimistic, but expectations are also softer in office and CBD hotel markets. WA is the most optimistic state in nearly all sectors and Victoria is […]
NAB’s Sector Insight reports utilise our expertise across a range of industry sectors to explore current issues, present forward looking views and opportunities for growth and progression. Our reports also include some perspectives from respected industry leaders in each edition. Welcome to the June 2012 edition of Property Insights. It’s hard to believe it is […]
Property can be a means to reduce your tax bills and help fund your retirement. Read up on tax tips and property strategies for the healthcare sector with NAB Health Senior Financial Planner, Matthew Wilson.
The ASX 300 Quarterly Business Survey captures the views of the ASX 300 business community and is a key peer comparator for companies. The report shares business and sector insights, and an understanding of economic confidence for the quarter. Strong rebound in business confidence for ASX300 firms – exceeding the broader economy; business conditions record […]
The ASX 300 Quarterly Business Survey captures the views of the ASX 300 business community and is a key peer comparator for companies. The report shares business and sector insights, and an understanding of economic confidence for the quarter. Business conditions for ASX300 declined further in Q3 – driven by manufacturing – narrowing the gap […]
Self-managed superannuation can help you build personal wealth away from the farm. But you need to be aware of the rules.
A lucrative property investment is one that outperforms the market in capital growth. And, as John McGrath, CEO of McGrath Estate Agents says, while yield is important, the serious windfall comes when you identify a hyper-growth area through solid research, observation and calculated risk. “Imagine if you’d bought a couple of Paddington terraces in Sydney […]
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