New data shows Brisbane house prices only rose marginally in 2015 in one of its worst results in years. The cost of units dropped. Experts say it makes the South East one of the best areas to buy in the country but it’s a troubling sign for investors.
Urbis Director of Economics and Market Research Malcolm Aikman says that until it gets to a point where demand exceeds supply, it’s likely that reasonably slow price growth will be seen.
Prices will be competitive for buyers in the short term, and eventually they should benefit from a shift in demographics as more people shift to apartment living.