Brisbane's dwelling price growth is expected to mirror that of Sydney next year, with new forecasts seeing the city more than double its pace to a high of 7 per cent.
The projections came off the latest SQM Boom & Bust Report, released today (Thursday), also dispelled fears of a property crash in Sydney and Melbourne.
“Brisbane’s property market will experience slightly stronger gains than those posted in 2017, with property prices forecast to rise between 3 per cent to 7 per cent.” SQM housing expert Louis Christopher,
What was holding Brisbane back from a higher rate of housing price growth was “the persistent overhang of surplus property listings”, he said.
The report also eased fears of a deep housing correction in Sydney and Melbourne, crediting the actions of regulators to rein in rampaging investor borrowing for those cities’ survival. Source: realestate.com.au
CoreLogic has uncovered South Brisbane homes have had a 24.7% increase in the last 12 months.