The Brisbane property market is predicted to outgrow all other capital cities in the next 24 months, reports Domain Group in their latest Property Price Forecast.

Brisbane house prices are predicted to rise 4% in 2019, followed by a further 5% growth in 2020. There is great news for the Brisbane apartment market as well, with 6% growth expected by 2020.

Domain economist Trent Wiltshire says Brisbane is set to lead the charge for 2019 where stability across the nation is expected.  

“After modest price growth in recent years, we expect that Brisbane houses will grow faster than most other markets over the next couple of years,” Mr Wiltshire said.

“Our forecast for relatively strong house price growth in Brisbane is underpinned by a pick-up in population growth and declining unemployment.”

Suncorp CEO Banking and Wealth Manager David Carter echoed the positive outlook for Brisbane when speaking to Domain.

“It’s been pleasing to see Brisbane’s property market remain relatively resilient over the past 18 months and I believe we will continue to experience the same positive conditions as we head into 2019,” he said.

“Population growth in the south-east should continue to support demand for homes and units as interstate migration to Queensland continues. Brisbane property prices provide an attractive option for those moving interstate,” said Mr Carter.

With regards to units, Mr Carter indicated CBD is the place to be.

“Good quality inner-city units appear to be in demand, particularly with people seeking an inner-city lifestyle,” he said.

Hannah Schuhmann says this is great news on the back of the constant doom and gloom the media is reporting about the Sydney and Melbourne property markets. This forecast goes to show that Brisbane is a great option for those looking to invest; comparatively safe with potential growth in the near future.