House prices to surge in the next 3 years

By Cara Bliss

In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge by the most — while the Sydney market slows to a crawl.


Key points:

BIS’s forecast is that Brisbane will see the strongest growth over the next three years, jumping 13 percent to a median of $620,000. If its prediction is correct, this would be a phenomenal improvement. Queensland’s capital city is currently seeing house prices grow by a tepid 1 percent annually.  Its apartment oversupply may be a drag on the market, but the sunshine state is starting to see a boost in interstate migrants — particularly from Sydney — with prospective buyers lured by Brisbane’s comparative affordability.

To read more Click Here

Up to Date

Latest News

  • Moreton Bay – University Precinct Flyover

    Petrie Paper Mill site is the location of the Moreton Bay Region University Precinct. The Moreton Bay Region University Precinct site is strategically located close to key transport infrastructure, with the Petrie railway station (at the junction of the existing Caboolture Rail Line and the soon to be opened Moreton … Read more

    Read Full Post