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.
Brisbane landlords are now back in the driver’s seat, with asking rents holding at record high prices, new data shows. The median asking rent for houses increased from $400 a week to $410 in the December quarter, lifting for the first time in nearly three years – and the latest Domain Rental Report released on Thursday showed those prices continued to hold strong over the first quarter of 2019. Source: Domain 10 April, 2019
Inner Brisbane “appears to be headed toward undersupply within the next 12 to 18 months”, according to the report, which makes a return to sustained capital growth in the apartment market an increasingly likely scenario. Less stock was coming to market, which meant increased demand and likely price growth. Source: The Courier Mail 1 March, 2019