House prices remain subdued for the sixth month

The latest OneRoof-Valocity House Value Index shows the national property price hit 957-thousand dollars at the end of September, down 1.1 percent.

OneRoof editor Owen Vaughan says despite the gloomy outlook, a survey shows 40 percent of people are confident the market will improve in the next 12 months.

He says the survey points towards a recovery but how strong it will be, remains unclear.