Forecast U-turn
National Australia Bank was previously forecasting house price declines for five capital cities in 2020, and every capital city in 2021.
But stock levels are very low, and homebuyers are coming back to the market in droves.
Nek minnit forecasts are for gains across every capital city except for Melbourne in 2020, and gains for every capital city in 2021, and more of the same with accelerating price gains in 2022.
Source: NAB
Huh, them pesky models...
