The Australian housing markets tipped to outperform over the next 12 months, according to industry experts

BRISBANE, AUSTRALIA - OCTOBER 24:  The Brisbane sign, in the Cultural Forecourt, South Bank during the G20 celebration opening night on October 24, 2014 in Brisbane, Australia.  The G20 Cultural Celebrations is held for three weeks and is to showcase the beauty and lifestyle of Queensland.  (Photo by Glenn Hunt/Getty Images)BRISBANE, AUSTRALIA - OCTOBER 24: The Brisbane sign, in the Cultural Forecourt, South Bank during the G20 celebration opening night on October 24, 2014 in Brisbane, Australia. The G20 Cultural Celebrations is held for three weeks and is to showcase the beauty and lifestyle of Queensland. (Photo by Glenn Hunt/Getty Images)
  • Australian home prices have fallen in each of the past nine months in average weighted terms, led by ongoing declines in Sydney and Melbourne.

  • Many forecasters expect those trends will persist for sometime yet, perhaps lasting years rather than months.

  • Property experts in the latest NAB Australian Residential Property Survey have revealed the regions they expect will enjoy above average price growth over the next 12 months.

Australian home prices are falling, led by continued declines in Sydney and Melbourne.

Many expect that trend will continue in the period ahead, including forecasters at theNational Australia Bank (NAB).

However, just because prices are tipped to fall in Australia’s largest cities doesn’t mean that prices everywhere will do the same… Read more