NAB lifts property price forecasts as lower rates lift market sentiment...

ONE of the Big Four banks has lifted its 2017 property price forecast, expecting prices of both houses and units to grow more than it had previously expected.

The National Australia Bank lifted its house price forecast by three percentage points to 3.4 per cent – from just 0.4 per cent it had earlier forecast for 2017.
It also raised its expectation of growth in unit prices to 0.8 per cent, backtracking on its previous forecast of negative growth of -1.6 per cent.

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