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.
Latest analysis by 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.
Its Residential Property Prospects 2019—2022 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, prices in Sydney (6 per cent) and Melbourne) were set to remain in single digits in terms of percentage growth over the three years.
More info on realestate.com.au
