Brisbane house prices set to rise faster than Sydney, Melbourne: report

Brisbane is set for the biggest rise in house prices of any capital city over the next three years, with a 20 per cent jump likely, a new forecast predicts. Sydney and Melbourne prices are set to bottom out and rise at a more modest pace, holding below their recent peaks over the same period, the BIS Oxford Economics Residential Property Prospects 2019 to 2022 report suggests. Sentiment in the weakened housing market has been picking up after the May election, two successive interest rate cuts and the bank regulator’s move to allow home buyers who can get finance to borrow more money. But the research warned any meaningful recovery is some time away amid a high level of new homes being built

Brisbane house prices to rise faster than Sydney, Melbourne: Report blob:https://www.9news.com.au

Brisbane will be the new boom town for property as Australia climbs out of its housing slump, with house prices there set to rise faster than in Sydney and Melbourne over the next three years, a new report says. The BIS Oxford Economics Residential Property Prospects 2019 to 2022 report predicts a 20 per cent jump for Brisbane house prices, while the major markets of Sydney and Melbourne are set to bottom out before growing at a more modest pace. The report predicts median house values in Australia’s capital cities will increase during 2020, though a surge in the number of new homes being built in recent years will help to keep the gains moderate. Experts are now increasingly saying the mark

Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
YOUR PROPERTY EMPIRE
ACN: 617 127 287
ABN: 51 617 127 287
 
Office: Vinegar Hill Community Centre Building,

Suite 208, Level 2

29 Main St, Rouse Hill, NSW 2155

1300 195 038

The information on this site is of a general nature only. Consideration has not been given to your individual needs and objectives. You should consider your personal circumstances before making any financial decisions.

 

YPE © 2020

 All Rights Reserved

 

create the lifestyle you want