House prices are tipped to continue their upward growth nationally during the next two years.
Queensland is predicted to show the biggest gains within the next one to two years, according to the latest NAB Residential Property survey.
The report also found foreign buying activity had picked up for new properties, particularly in Queensland and for established housing in New South Wales.
Foreign buyers now accounted for just over 1 in 7 new properties and around 1 in 10 established homes.
The outlook for house prices in the next year (to March 2014) improved in all states.
Queensland is expected to undergo the fastest growth in values of 3.5 per cent and New South Wales 3.3 per cent.
Growth will be more subdued in Victoria, South Australia and the Northern Territory where it is predicted to increase to just 2.2 per cent.
On a capital city basis values are predicted to rise by 6.4 per cent in Brisbane in the year to March 2015.
Perth will also be a strong performer with values tipped to rise 5.6 per cent during the same period.
Suburbs tipped to enjoy above average capital growth over the next year are:
Queensland: Brisbane CBD, Broadbeach, Redcliffe, Toowoomba, Warana.
Western Australia: Armadale, Australind, Cockburn, Joondalup, Mandurah, Perth CBD, Woodlands.
New South Wales: Annandale, Blacktown, Campbelltown, Double Bay, Liverpool, Marrickville,
Newtown, Parramatta, Penrith, Rouse Hill.
Victoria: Carlton, Docklands, Flemington, Footscray, Frankston, Glen Waverley, Hastings, North Melbourne, Reservoir, Scoresby, South Yarra, Tarneit, Thornbury.
Tasmania: Hobart, Kingston.
South Australia: Norwood.
Story: Michelle Hele Source: www.news.com.au