Aussie property bottoms out
12 APR 2012
2 min read
Hotspots
Australian residential property prices have bottomed out, according to NAB’s latest Residential Property Survey.
National house prices fell 1.3 per cent in March, following a 2 per cent drop in the last quarter of 2011.
Western Australia performed the best, with prices falling by just 0.1 per cent over the quarter.
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Queensland was the poorest performer, with prices falling 2.4 per cent.
According to the report, national house prices are expected to fall just 0.2 per cent over the next year – suggesting the property market has bottomed out.
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