news

State growth predictions revealed

0

A new analysis from NAB has identified which property markets will perform the best - and the worst - over coming years.

The Queensland market came out on top, with growth of 3.1 per cent predicted over the next twenty-four months.

Nonetheless, expectations have eased since the first quarter of 2014, when two-year growth of over four per cent was forecast.

Victoria is also tipped for a strong performance in the next two years with capital growth of 2.4 per cent.

Current growth leader, New South Wales, is expected to fall back to growth of just two per cent.

In the rental market, however, New South Wales will surge ahead, with predicted rent increases of 2.4 per cent.

Queensland will also provide solid rental growth of 1.8 per cent in the two-year period.

On the other hand, Western Australia came bottom of the pack in both the rental and sales sectors.

Over the next two years, capital growth in the state is expected to be around 0.9 per cent.

Rental growth, meanwhile, will fall by two per cent in the same timeframe.

These predictions are reflected by confidence measures in each state, with property professionals in Queensland and Victoria reportedly the most positive and those in Western Australia the least.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
PAMBULA 42%
2.
MILSONS POINT 41.26%
3.
SPEERS POINT 39.69%
4.
SPRINGWOOD 37.72%
5.
ILUKA 36.3%