PROPERTY

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.

Representatives from Australia’s property sector discuss how they are managing the financial risks associated with climate change.

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.