Brisbane Property Growth Forecast

Brisbane s property market will continue to perform well at a time when many other markets are languishing.

Brisbane property growth forecast. The modest growth is partly down to the oversupply in apartments. Next year domain modelling forecasts property price growth of one to 3 per cent. The brisbane property market is likely to record positive grow in the order of 3 to 5 this year as the underlying market drivers are now strengthening. Brisbane seems to be an outlier with incredible expected growth in both units and houses.

Strong population growth forecast and net migration up 27 3 year on year. Brisbane s property market will continue to perform well at a time when many other markets are languishing. Over the next three years. As always the markets will remain fragmented.

The median house price is expected to increase from 552 000 to 665 000 in brisbane. Modest property price growth is expected in adelaide for the remainder of 2019. Low unemployment and good employment growth with abs reporting trend employment increased by 303 100 persons or 2 5 per cent which was above the average annual growth rate over the past 20 years of 2 0 per cent. Overall most analysts agree with their forecasts for the brisbane property market in 2019 and expect slow and steady growth.

The nation s capital canberra is forecast to be one of the strongest performing markets next year with growth tipped for housing prices between 4 to 6 per cent. New research from property platform domain reveals that house prices across brisbane are forecast to surge by up to 8 per cent over the next 12 months with the river city making impressive runs for both houses and units across a multiple year period. The bis oxford economics property forecast predicts brisbane will see the greatest national gains in house prices with brisbane s median house price is predicted to jump 20 per cent by 2022. Bis s forecast is that brisbane will see the strongest growth of any property market over the next three years jumping 13 per cent to a median of 620 000.

It supports research by bis oxford economics which forecast 20 per cent growth in brisbane property values in the next three years almost double that of the nearest growth capitals adelaide 11 per cent and canberra 10 per cent. Prices in the top brisbane suburbs could grow between 23 per cent and 25 per cent. Qbe expects this to continue until at least 2021 when this stock has been absorbed by the market. The bis oxford economics property forecast predicts brisbane will see the greatest national gains in house prices but not for another couple of years as the remaining oversupply is consumed.

Bis s forecast is that brisbane will see the strongest growth of any property market over the next three years jumping 13 per cent to a median of 620 000.