NAB Forecast Modest Price Falls for Apartments in 2017 for Brisbane

By: Cameron Black: February 6, 2017, Updated: January 21, 2019

In its January 2017 Report, the NAB has published the following estimates on Unit or Apartment pricing in the Australian Capital Cities. Surprisingly they still predict further growth in Sydney, notwithstanding the already heated nature of its property market. Despite lots of commentary about an over supplied and depressed Brisbane market, they are expecting only a modest 1.8% fall in prices in Brisbane. Given the extremely negative news on new apartments in Brisbane over the past year, such a small fall would quite perversely be welcome news to many owners and existing purchasers.