(BIS Oxford Economics – QBE Housing Report)
The strongest outlook for capital city property prices across the nation is forecast for Brisbane. It is predicted that a combination of rising population growth and rapidly falling supply will fuel this forecast growth. With the Queensland economy also forecast to strengthen, residential price growth is forecast to steadily accelerate by 20.3% through to 2021/22.
Brisbane house market - Opportunity abounds
Tourism is boosting economy and affordability remains advantageous
Brisbane’s residential market did not see the same magnitude of residential price growth over the last cycle compared to Sydney and Melbourne. With affordability less strained…the detached housing market is estimated to be in relative balance with the unit oversupply reflected in the higher vacancy rate in the inner suburbs.