PROPERTY

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.