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Sunday, July 21, 2019
Major bank releases projections, confidence of property professionals in 2019
While current property sentiment among property professionals remains negative, future expectations are for improved rental yields and price growth, new research from NAB has found.
On Wednesday (17 July), the major bank released the NAB Residential Property Survey Q2 2019, which surveyed more than 350 panellists from across the property industry about their thoughts on the current market and forecasts for the future.
It found that the average survey expectation for national house prices for the next 12 months is for a further decline, but on a much smaller scale than previously predicted.
On average, property professionals now see national house prices falling just -0.2 of a percentage point over the next year, down from -2.2 per cent forecast in the previous quarter.