South East Queensland

The BIS Oxford Economics Residential Property Prospects 2019-2022 report has predicted Brisbane will experience the highest property growth which it tipped to increase by 20% over the next three years. Throughout the country, Brisbane was tipped to have the highest growth in the report, followed by Adelaide, Canberra (10%) and Darwin, Perth and Melbourne (all 7%). The downturn in Australia’s residential market is bottoming out, but “meaningful” bounce-back is still a way off, according to the new research.

BIS Oxford Economics estimates that, in the short term, economic conditions are forecast to be relatively muted and this will also play on demand. An acceleration in economic growth is expected in 2020/21 after residential construction bottoms out, and both improving building activity and business investment begin to drive economic growth.

(Source: BIS Oxford Economics)

The SEQ residential property market remains cautiously optimistic, encouraged by improvements in lending criteria being experienced nationally, together with the relatively affordable product offering compared to Sydney and Melbourne.