NAB’s latest property survey reveals 28 suburbs expected to enjoy above average house price growth in 2015, according to 300 real estate agents and property gurus across the country.
After a couple of years of wallet-squeezing house price increases, the economics boffins at NAB expect the domestic property market to cool slightly this year, with capital city house prices tipped to grow at around four per cent on average in 2015.
Brisbane is tipped for the highest level of growth at 5.7 per cent, followed by Sydney (4.1 per cent) Melbourne (2.7 per cent), Adelaide (2.1 per cent) and Perth (1.0 per cent).
NAB also expect two rate cuts this year; one in March and one in August, which would bring the official cash rate down to two per cent and support price levels over the year.
Here are 2015’s hottest suburbs, by state:
QUEENSLAND Brisbane, Gold Coast, New Farm, Toowoomba, West End
NEW SOUTH WALES Eastwood, Glebe, Manly, Marrickville, Newtown, Oran Park, Penrith, Ryde, Surry Hills, Sydney
VICTORIA Essendon, Glen Iris, Ringwood
SOUTH AUSTRALIA Mile End, Norwood, Parkside
WESTERN AUSTRALIA Baldivis, Belmont, Bentley, Kelmscott, Mandurah, Perth, Subiaco
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