Brisbane to see biggest house price rise nationally by 2022

Brisbane’s median house price is predicted to jump 20 per cent by 2022, far beyond any other capital city in the same period. The BIS Oxford Economics property forecast predicts Brisbane will see the greatest national gains in house prices, but not for another couple of years as the remaining oversupply is consumed. The median house price is expected to increase from $552,000 to $665,000 in Brisbane. That percentage rise is the highest predicted for the capital cities nationally, well ahead of Sydney at 6 per cent and Melbourne at 7 per cent. “A weak Queensland economy and high level of dwelling supply have dampened price growth in Brisbane in recent years,” the report notes. “The result is

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