NAB survey shows Australian housing sentiment turns negative for first time in six years

By Public Technologies
  • NAB’s Residential Property Survey index fell 18 points to -4 in Q3 2026, turning negative for the first time in six years.
  • Property professionals forecast house prices to drop 4.2% over the next 12 months; expected rent growth held elevated at 3.7%.
  • Construction costs remained the top barrier to new development at 77%; interest rates rose to second at 58.3%.
  • Owner-occupiers stayed the largest buyer segment; local investor activity rose slightly but stayed below late-2025 levels.
  • Stamp duty was flagged as a constraint for first-time or newer buyers by about two-thirds of respondents.


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