According to The Australian Financial Review, Brisbane's residential market is expected to outperform Sydney and Melbourne during 2019, even as its own prices decline slightly faster overall.
During 2018 house values in Brisbane rose by a modest 0.4 per cent while unit prices fell by 0.7 per cent, resulting in overall growth of 0.2 per cent.
Property values rose 4.1 per cent in 2014 and 4.9 per cent in 2015.
Over the subsequent two years, weighed down by unit prices, growth slowed to 1.6 per cent in 2016 and 1.8 per cent in 2017, figures from data provider CoreLogic show.
CoreLogic is betting on another year of modest gains for Brisbane supported by interstate migration.
The latest ABS data on net interstate migration shows that over the decade to June 2017, Queensland attracted 11,000 additional residents on average each year.
Ref:https://www.afr.com/real-estate/residential/qld/why-brisbanes-property-market-will-outperform-sydney-and-melbourne-in-2019-20190102-h19n2f
If you want to read this article in Japanese, please see the following link:
https://www.j-abc.com/jp-blog/2019
During 2018 house values in Brisbane rose by a modest 0.4 per cent while unit prices fell by 0.7 per cent, resulting in overall growth of 0.2 per cent.
Property values rose 4.1 per cent in 2014 and 4.9 per cent in 2015.
Over the subsequent two years, weighed down by unit prices, growth slowed to 1.6 per cent in 2016 and 1.8 per cent in 2017, figures from data provider CoreLogic show.
CoreLogic is betting on another year of modest gains for Brisbane supported by interstate migration.
The latest ABS data on net interstate migration shows that over the decade to June 2017, Queensland attracted 11,000 additional residents on average each year.
Ref:https://www.afr.com/real-estate/residential/qld/why-brisbanes-property-market-will-outperform-sydney-and-melbourne-in-2019-20190102-h19n2f
If you want to read this article in Japanese, please see the following link:
https://www.j-abc.com/jp-blog/2019
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