News

Check out market updates

House Prices on Steroids: Brisbane to Lead Nation

Boom Town - Brisbane House Prices on Steroids

Click on article to open in new window and zoom.

According to this article in The Courier Mail on Monday 15th July 2019 by Sophie Foster, a MASSIVE jump in house prices is forecast for Brisbane over the coming three years – almost double the nearest Australian state capital – with major Queensland cities close behind.

BIS Oxford Economics has forecast a massive 20 per cent growth in house prices in Brisbane, with demand driven by its relative affordability compared to other capitals and a pick up in positivity.

“Brisbane to lead the nation with 20 per cent surge in house prices”
– The Courier Mail, 15th July 2019

Its Residential Property Prospects 2019-2022 report has the city’s median house price growing at almost double the speed of the nearest growth capitals – Adelaide (11 per cent) and Canberra (10 per cent). In contrast, percentage growth in Sydney (6 per cent) and Melbourne (7 per cent) was set to stay in single digits over the three years.

BIS Oxford Economics associate director Angie Zigomanis expects Brisbane to be a big winner by the end of 2022, bucking the slow recovery of southern markets.

Brisbane House Prices on Steroids

Click on article to open in new window and zoom.

Author: Sophie Foster
Source: The Courier Mail, 15th July 2019