My Property Pulse

Your Guide To Buying, Selling and Investing in Property

Brisbane a Strong Performer Moving Forward

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OK we know, the residential property market has been slow recently, but apparently a combination of factors will soon come together to see the Australian market improve from 2011-12, predicts BIS Shrapnel.

In its findings from its Residential Property Prospects, 2011 to 2014 report, the company is forecasting that residential property prices will be steady through 2011, with some capital cities even showing moderate price growth over the two years to 2013.

Among the state capitals, BIS Shrapnel forecasts that Sydney, Perth and Brisbane will show the strongest price growth through to 2014.

Below is BIS Shrapnel’s outlook for median house price growth by region:

Sydney: Total price growth in Sydney over the three years to June 2014 is expected to be 18 per cent.

Melbourne: Total price growth in Melbourne over the three years to June 2014 is expected to be six per cent.

Brisbane: Total price growth in Brisbane over the three years to June 2014 is expected to be 15 per cent.

Adelaide: Total price growth in Adelaide over the three years to June 2014 is expected to be eight per cent.

Perth: Total price growth in Perth over the three years to June 2014 is expected to be 19 per cent.

Hobart: Total price growth in Hobart over the three years to June 2014 is expected to be five per cent.

Canberra: Total price growth in Canberra over the three years to June 2014 is expected to be seven per cent.

Darwin: Total price growth in Darwin over the three years to June 2014 is expected to be seven per cent.

So value for money, buy in price and growth moving forward is clearing pointing towards Brisbane for anyone looking to live or invest in the property market over the next few years!

Written by My Property Pulse

June 28, 2011 at 10:02 am

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