PROPERTY

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.

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.

NAB re-affirms its 2024 rate call and expects economic activity to rebound strongly as restrictions are eased.

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.

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.

Keen to invest in commercial property through your self-managed super fund? Make sure you do it wisely and well.

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.

While Sydney and Melbourne remain a key risk to the outlook, NAB re-affirms its 2024 rate call.

Q2 NAB Commercial Property Survey shows confidence edged higher, but recovery will remain slow.