Bullish property market in NSW, Vic and QLD
Michael CrawfordJuly 29, 2015
Property pundits are most aggressive on pricing in New South Wales, Victoria and Queensland, with those in Western Australia expecting property prices to decline.
According to the Westpac Red Book July 2015, Australians believe price increases over the next year, as noted in the Westpac-Melbourne Institute Consumer House Price Expectations Index, which rose 8.2% in Jul to 145.9.
A variation in June, where the index fell slightly to 134.9, is believed to be a seasonal decline.
A weak buyer sentiment and strong price outlook was reported in NSW and Victoria and a strong sentiment and strong price outlook felt in Qld and SA. (Qld, SA)
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.
