Brisbane house prices to rise faster than Sydney, Melbourne: Report
Brisbane will be the new boom town for property as Australia climbs out of its housing slump, with house prices there set to rise faster than in Sydney and Melbourne over the next three years, a new report says.
The BIS Oxford Economics Residential Property Prospects 2019 to 2022 report predicts a 20 per cent jump for Brisbane house prices, while the major markets of Sydney and Melbourne are set to bottom out before growing at a more modest pace.
The report predicts median house values in Australia’s capital cities will increase during 2020, though a surge in the number of new homes being built in recent years will help to keep the gains moderate.
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