Brisbane’s units have had some years of sluggish growth as a flood of new unit developments hit the market. And buyer numbers didn’t keep pace as our local market was hit with a double whammy.
Foreign buyers withdrew and it also became harder for Australian investors to get finance as regulators tried to cool the overheated southern markets.
But after posting a drop in value last year of -2.9 per cent, new analysis is predicting a turnaround as developers have decided to put further apartment projects on hold.
The CoreLogic-Moody’s Analytics Australian Home Value Index released late last month showed that the worst was over for the Brisbane unit market, reports realestate.com.au.
While 2018 will still see a modest return to growth territory of 0.8 per cent, in 2019 the report is forecasting a median increase of 6.5 per cent with some Brisbane regions exceeding 8 per cent growth.
Check out the Moody’s Analytics 2019 Brisbane unit market growth forecasts:
- Moreton Bay North 8.7 per cent
- Ipswich 8.1 per cent
- Logan Beaudesert 8 per cent
- Brisbane North 6.9 per cent
- Inner City 6.1 per cent
- Moreton Bay South 5.9 per cent
- Brisbane West 5.3 per cent
- Brisbane South 3.5 per cent
- Brisbane East 3.5 per cent
Want to secure a unit before the market takes off? View our current listings for sale or check our listings for rent.