Brisbane is predicted to see some of the biggest house price rises in Australia over the next two years, according to new forecasting, rising by a whopping 8 per cent over the next 12 months alone.
In 2021, Brisbane could lead the price rise charge nationally, with predictions of an additional 7 to 9 per cent house price hike.
According to Domain’s Property Price Forecasts – February 2020 , released Wednesday, the city’s new year real estate cheer is just the tip of a price growth iceberg that’s being buoyed by rising confidence, low interest rates and interstate migration.
Domain economist Trent Wiltshire’s 2020 and 2021 predictions placed the Queensland capital in equal second with Melbourne for median house price growth and just two percentage points behind Sydney over the coming year. In 2021, it’s even better news for Brisbane, with house prices predicted to rise by a further 7 to 9 per cent.
Full article https://www.domain.com.au/news/brisbane-house-prices-to-rise-by-up-to-17-per-cent-by-2021-928470/
Disclaimer: This article was originally published in The https://www.domain.com.au and has been reproduced for reference only. For further information please visit the site and contact Sarah Webb.
This content does not constitute legal advice and should not be relied upon as such. Legal/professional advice about your specific circumstances should always be obtained before taking any action based on this publication.
