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Capital city house prices forecast growth of 6% on average

20 Feb 2014 -

The 2014 Australian capital city house prices forecast growth of 6% on average

Predict this year the capital city house prices will average growth of 6%

This year is expected to show all the capital city house prices will continue to rise, says the latest forecast average growth rate of about 6%.

 

The silent for a long time Brisbane will take the lead, predict this year's growth rate of 6.4%, next year is 6%.

 

National Australia Bank report predicts, although Sydney prices last year has about 13% growth, but this year there is still room for growth, forecast for this year will rise 6%.

Last year in another leader in Perth that this year's price increase at about 6.3%.

 

Although these data are different from Sheng Australia Bank chief economist Hogan (Warren Hogan) forecast this week, but confidence is still, prices have begun to rebound

According to the national bank data, in 2011 the capital city market value fell 3.2% to 5.6%.

Prediction of Adelaide this year's prices will not be increased, because of the city's unemployment rate remains high,and the economic downturn.

Victoria, Frankston, Glen Iris, Hastings, Highett, Melbourne, Point Cook, Richmond and Toorak are the most promising growth area.

National Australia bank capital city house prices forecast in 2014:

Brisbane 6.4%

Perth - 6.3%

Sydney 6%

Melbourne 4.6%

Adelaide - 2.1%

The capital city average growth of 6%

Source: National Australia Bank