While NAB’s Commercial Property Index lifted for the second straight quarter, it was still weak and well below average.
Housing values continued to rise through the first month of 2021
Despite ongoing economic challenges, the NAB Residential Property Index ended 2020 at a survey high +45 points.
Australia’s housing market continued to recover, with dwelling values up 0.8% over the month.
The COVID-led economic downturn continued to weigh heavily on commercial property market sentiment in Q3.
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.
APRA recently released updated details on the major banks’ home loan deferral scheme.
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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