Brisbane House Prices to Rise 11% in 3yrs
Prices in Brisbane are forecast to rise 11.3% in the next 3 years according to the latest BIS Economics Australian Housing Outlook. Property prices are tipped to be the strongest in the country after Adelaide, with Brisbane's affordability the main attraction.
The future is not so bright for apartments in Brisbane, with unit prices predicted to fall 5.1% in the next 3 years. Competition for inner-city units is set to cause investors to make their properties more attractive by lowering rents to draw tenants in.
Across the board, lending restrictions have become tighter with the Royal Commission, resulting in negative impacts to property prices nationally.
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The above information has been sourced from Realestate.com.au. To read the full article CLICK HERE.