Published: October 09, 2018
NAB residential property index paints a gloomy outlook for the once soaring real estate market
Confidence in the housing market is collapsing in Australia’s biggest states and prices will continue to fall for another two years, according to a survey of property professionals.
The NAB residential property index also recorded a sharp fall in sentiment about the prospects for the market for the second quarter in a row and is down 15 points to a seven-year low of –9 points, its first negative read since mid-2012.
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