It is predicting Brisbane house prices will skyrocket 20 per cent in the next three years.
Brisbane units will also grow a healthy 14 per cent, according to the Residential Property Prospects 2019 to 2022 report.
Several factors are driving this growth including a lift in sentiment since the May federal election and two successive rate cuts, reports domain.com.au.
This coupled with Brisbane’s relative affordability and strengthening Queensland employment market will mean Brissie home hunters will have excellent buying capacity.
The doom and gloom of the unit market glut is also past its worst point and ready to continue its emerging upwards trend.
Looking around Australia, Brisbane will well and truly lead the pack to 2022, with Adelaide house price forecasts ranking a distant second at 11 per cent.
Sydney will grow just 6 per cent, having already fallen 18 per cent from its peak.
Melbourne will grow 7 per cent, having fallen 15 per cent from its height.
Check out the BIS forecasts for Aussie capital city growth to 2022.
- Brisbane, 20%
- Adelaide, 11%
- Canberra, 10%
- Darwin, 7%
- Melbourne, 7%
- Perth, 7%
- Sydney, 6%
- Hobart, 4%
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