The results are in from the latest National Australia Bank (NAB) Residential Property Survey and there are some interesting statistics for property investors.

Again the residential property price growth across Australia has continued to surpass expectations throughout 2015. 

While some have argued that due to the current growth the market is experiencing, the scope for future growth could be limited in areas such as Sydney, experts are not expecting a sharp correction in prices as we move into 2016.

NAB Economics are now expecting the average dwelling price growth to sit at 9.9% nationally for 2015.  This is much  higher than was initially expected earlier in the year so very good news for investors all round.

An area we do believe is at risk of experiencing potentially more modest growth in the future is Sydney and to an extent Melbourne.  As you can see from the above graph, the significant growth they have experienced, over the past 48 months especially, is causing many would be property purchasers and investors to look to other cities as they find themselves priced out of the market in NSW/VIC.

The Property Observer reported the following finding from the report:

In an environment where income growth continues to be modest, alongside lower population growth, the rates of house price growth seen in Sydney and Melbourne are unlikely to continue, suggesting more modest price gains in 2016.

What does this mean for our local Brisbane market?  In essence,  it is positive as it means we are likely to continue to see an influx of interstate buyers looking to our city for their next investment and inturn, this ongoing demand will likely drive prices in the direction every local investor wants to see them go… and that is up.

Are you interested in reading the full survey report?  You can download now from the NAB’s business portal at  http://business.nab.com.au/wp-content/uploads/2015/10/Residential-Property-Survey-Q3-2015-Overview.pdf 

Talk to us in detail about your plans for 2016!  Email Hannah today at  sales@hsbrisbanproperty.com.au or call us on 3254 0888.