Brisbane to lead Australia’s capital growth followed by Canberra
Brisbane will lead the charge in capital growth for Australia’s capital cities.
A recent report put out by data analyst company BIS Oxford has predicted that Brisbane will lead the charge in capital growth for Australia’s capital cities.
This is due to the affordable nature of the market, undersupply of housing and relatively high wages. Next will be Canberra who’s high median wage means that the market is still affordable.
It is predicted that the Sydney and Melbourne markets will be stagnant for quite some time as those markets move on from a long bull market.
BIS Oxford has predicted that Brisbane will go from a median house price of $550,000 to $620,000 in the next few years. That is about 13% which is very respectable.
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