National housing market sentiment (measured by the NAB Residential Property Index) rose in Q1-2018 and remains above long-term average levels. The NAB Residential Property Index is based on Property Experts’ expectations for Capital and Rental Growth across various Capital City and Regional Housing Markets.
NAB’s Q1-2018 report released recently highlighted that Property Experts are bullish about the QLD Housing Market and expect strong capital growth. Sentiments about QLD continue to strengthen and are up by 13 points to +31. (as seen in the table below) QLD is expected to lead the way for capital growth over the next 1-2 years. Property Experts also expect QLD to see fastest rental growth over the coming year. On average, property professionals expect QLD to have the highest rental returns of 1.7%. For 2019, the house price forecasts remain broadly unchanged.
We have been recommending to our clients, affordable investment opportunities in QLD for two years now. Like Silverhall’s research, the NAB report also tips Springfield Catchment Area, to have above average capital growth rates in the next 12 months.
If you have read our recent blogs, you would know that Springfield Catchment Area will see over $6 Billion in Defence Investment. Namely, $1 Billion for the Amberley RAAF Base Upgrade and the Land 400 Contract (to build state-of-the-art tanks) worth $5.2 Billion which was awarded to QLD in March 2018. Defence Investment is expected to bring 3000 plus jobs into the area. These investments mean a large number of Defence Force personnel and related professionals will require housing in the area. Springfield Catchment Area is well positioned for strong capital growth. Want to know more about affordable investment opportunities in Springfield Catchment Area call us now on 1300 66 77 24 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.
Author: Alan Oster, Group Chief Economist - NAB Group Economics. Source: https://business.nab.com.au/wp-content/uploads/2018/04/NAB-Residential-Property-Survey-Q1-2018.pdf
