The National Australia Bank recently conducted the Residential Property Index for the third quarter of the year and while the overall index remained unchanged, Queensland has overtaken Victoria as the most conducive state for residential property.
Forecasts show that a modest house price growth is set to continue, despite rising unemployment and affordability issues. Overall house prices are set to increase by 4% in 2015 and 2% in 2016. Brisbane and Sydney is expected to lead all capital cities in growth next year.
Read more about this on the Property Observer website.