Mortgage Loans, Home Loans, Bad Credit Home Loans

According to new research by the NAB, Australian Residential property price growth is expected to slow over the coming 12 months.

It seems that Australian house price growth expectations have dropped to just 1.4 per cent growth – down from 5.2 per cent recorded in the March quarter.

Following very fast growth over the past 12 months, Melbourne has experienced  the most significant change, leading last quarter’s expectations at 5.8 per cent but now finishing last nationally at 0.7 per cent.

Properties with the price of under $500,000 are expected to outperform the market, with properties valued over $2 million expected to fall.

Overseas investors are expected to make up approximately 9 per cent of all residential purchases over the next year.

First Home buyers generally prefer to buy low at around $250k – $500k price range. Such properties, because of their affordability, are expected to realise the highest percentage capital growth over the next 12 months, for both housing and the apartment sector.

While properties with a price point of over $2 million are seen to offer the smallest prospect of growth to investors.