One headline that caught our attention is forecast price growth rates that will put Brisbane on par with Sydney.
Growth forecasts for Brisbane sit between 3 per cent and 7 per cent. The forecast high of 7 per cent is more than double our 2017 pace and would put us on par with Sydney’s forecast growth rate, according to the SQM Boom & Bust Report published on realestate.com.au.
Around Australia forecasts for 2018 were mixed, with dark horse Hobart leading the pack.
Fears of a price drop in Sydney and Melbourne were misplaced, but growth would slow thanks to the regulatory changes which have tightened investor lending.
Check out the SQM Boom & Bust Report predictions for capital city price growth in 2018:
- Brisbane: 3 to 7 per cent growth
- Sydney: 4 to 8 per cent
- Melbourne: 7 to 12 per cent
- Hobart: 8 to 13 per cent
Looking back over 2017, Hobart again put Tassie on the map for its property performance.
Check out how capital cities performed in the 12 months to September 2017:
- Hobart 14.3 per cent
- Melbourne 12.1 per cent
- Sydney 10.5 per cent
- Canberra 7.8 per cent
- Adelaide 5 per cent
- Brisbane 2.9 per cent
- Perth -2.9 per cent
- Darwin -4.7 per cent
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