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Analysts are forecasting big things for Brisbane’s residential property market, thanks to a slowdown in construction coupled with a boost in interstate migration and economic growth.
In its latest report, industry forecaster BIS Oxford Economics predicts Brisbane will experience the highest house price growth of all capital cities over the next three years — jumping 13 percent, or $70,000, to a median of $620,000.
This, of course, could be the real start of Brisbane’s next doubling and whilst some suburbs have been dormant, others are already on the move and as you can see below Brisbane is projected to outgrow all other Australian Capital Cities over the next 3 years.
We’ve referenced this cycle before where Sydney & Melbourne lead the way, this time there is $8.1 Billion Dollars coming with the interstate migrants who are looking for greater affordability, lifestyle and many who are selling up and moving north to retire.
Who wouldn’t want to pocket a million or two, or more, have a freehold retirement home with the warmth and lifestyle to go with it.
Speak to one of our team today about investing in Brisbane and South East Queensland’s “Golden Triangle”
Call Now 1300 590 588
