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Brisbane's housing growth rate to double in 2018

Brisbane's housing growth rate to double in 2018

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.

The Highlands in Logan, a south eastern suburb of Brisbane with award winning home and land packages from $417,740