House prices in Brisbane are likely to rise by 20% over the next three years, according to a new forecast, the biggest rise in any capital city.
BIS Oxford Economics' residential real estate outlook for the period 2019 to 2022 indicates that the value of Brisbane housing is expected to increase by 20% over the next three years, with unit prices rising 14%.
According to the deputy director of BIS Oxford Economics for residential property, Angie Zigomanis, buyers will be able to take advantage of lower interest rates, which will allow them to increase their ability to pay , while increasing their ability to pay.
The booming market situation also improved after the May elections, the consecutive rate cuts and the decision of the Australian Prudential Regulatory Authority (APRA), which allows buyers to borrow more money. .
However, the report warned that any substantial recovery would be in sometime, as many new homes were under construction and that banks continued to monitor them before granting loans.
"Bank lending policies have been more conservative than price declines," Zigomanis told Domain.
The report also predicts that the values ​​of the Sydney and Melbourne homes will increase by 6% and 7% respectively, with capitals units growing by 1% and 4% respectively.
According to forecasts, real estate prices in Perth are not expected to increase over the next three years. However, prices could increase by the end of the three year period, with a 7% increase in housing values ​​and 8% units by June 2020, the report says.
Top suburbs:
Darlington
,
Lockridge
,
Mayfield
,
Ferntree Gully
,
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