Brisbane Property Prices to Increase by 9%

Brisbane Home property prices are forecast to grow by 9 per cent over the next two years

Brisbane Property Prices

Brisbane residence prices are anticipated to climb faster than any other Australian capital City or sub-capital city between now and 2021, according to new Price modelling from the Domain Group.

There Property Price Forecasts report anticipates home purchase prices in Brisbane could rise by 4 per cent in 2019, then expand by an additional 5 per cent in 2020.

This is excellent news for the buoyant Brisbane unit market, as well- prices in this growing segment are predicted to grow by about 3 per cent by the end of 2019, as well as a boost by one more 3 per cent in 2020.

Property Prices to Increase by 9%

Domain economic expert Mr Trent Wiltshire said after a tumultuous year for Australia’s home markets, 2019 looked likely to be a year of greater stability across the country, with Brisbane set to lead the race in terms of Growth.

For more information rade the full article https://www.domain.com.au/news/brisbane-house-prices-to-grow-by-4-to-5-per-cent-in-2019-788046/

If you are looking for a new property in the Brisbane or Southeast area, look no further than the local team at Extra Realty, and their range of Units, Townhouses, Homes and the exciting Dual Occupancy homes.

Local agents are reporting that they have had there biggest quarter since 2010. Since the media has highlighted that Sydney and Melbourne’s prices have dropped, we’ve had a flurry of people from overseas, interstate, expats and Chinese interest.

Even Banking executives have reported “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”

While others are reporting that as Queensland state migration growth again picks up it might mean some greater price growth in parts of Brisbane, above the anticipated levels.