NAB survey sees Australian house prices down 2.5% over next 12 months

• NAB’s Q2 2026 Residential Property Survey flagged weaker housing sentiment, with the Residential Property Index sliding to +14 from +58.
• Property professionals now forecast house prices to fall 2.5% over the next 12 months, reversing a prior 2.1% gain outlook.
• Expected rental growth rose to 3.9% from 3.1%, pointing to tighter rental conditions despite softer price expectations.
• Construction costs remained the top supply constraint, cited by 77% of respondents, up from 65% in the prior quarter.
• Investor participation fell, with local investor shares dropping to 14.8% from 19.9% in new housing, 13.7% from 19.8% in established.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.