Brisbane house prices are set to rise this year

  • Brisbane house prices are set to rise this year  and potentially sharper than the national forecast of 4%, according to the Fitch Ratings Global Housing and Market Outlook.  Check out the oh-so-affordable Brisbane & Adelaide house-price-to-gross-income ratios of 6.5 versus Sydney 9.9 and Melbourne 9.1.  Remember, these are not our calculations!
  • The Brisbane rental market should remain tight at around 2-3% for the first part of the year  resulting in increased competition for rental properties amongst the annual surge of university students, soon to hit the city.
  • Sydney now boasts 163 suburbs with a seven-figure median house price.  Another 43 suburbs were added last year, a jump of 34% in just one year.  Twenty years ago, only a handful of suburbs had a majority of sales above a million, starting with Point Piper and Vaucluse.
  • Queensland has been rated the best state for business investment.  There’s more…Commsec’s State of the States report also rated Queensland equal third (with ACT) overall (WA in top spot); plus third for retail trade and construction work.  The Sunshine State also got a mention for a pick-up in housing finance last quarter economic growth was up 18.5%


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