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HS Brisbane Property
0419 782 133
+61 (0) 7 3254 0888
sales@hsbrisbaneproperty.com.au
PO Box 15301
Brisbane City East
Queensland 4002
Australia

20% Increase in Brisbane Property Prices? Researchers Say Yes!

The buzz around the future of the Brisbane property market this week has been huge, with the latest BIS Oxford Economics' Residential Property Prospects 2019-2022 report predicting the median house price in Brisbane will rise by 20 per cent in the next three years, reports abc.net.au.

 

With regards to predicted growth around the nation, Brisbane is sitting pretty as the leader in the report, followed by Canberra and Adelaide at 10 per cent, and Melbourne, Perth and Darwin at 7 per cent.  

 

Brisbane’s affordability, coupled with easing credit conditions and record low interest rates could be the perfect storm for price growth.  

 

The median house price in Brisbane is predicted to rise from $552,000 to $665,000 by 2022. 

 

Earlier in the month, Herron Todd White released their July monthly location report,  stating that the Brisbane property market has been attracting buyers from other capital cities with the view of getting better value for money.  

 

The current interest rates are a huge factor in the property market at the moment. Many are predicting the Reserve Bank of Australia (RBA) will go even further from the 1% level we are currently at. The minutes from the latest RBA meeting show they are concerned about the soft jobs market.

 

“The (RBA) board would continue to monitor developments in the labour market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time,” the minutes said.

 

Hannah Schuhmann is again echoing her thoughts that those waiting to ‘time’ the market need to get moving as they may miss the boat! Brisbane CBD apartments are excellent value for money;  Two bed, two bathroom units with a parking space and river views start from just $539,000 in our current market. 

 

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