BRISBANE’S dwelling price growth is expected more than double its pace to a high of 7 per cent. The projections came off the latest SQM Boom & Bust Report, released Thursday, “Brisbane’s property market will experience slightly stronger gains than those posted in 2017,” said SQM housing expert Louis Christopher, “with property prices forecast to rise between 3 per cent to 7 percent.” “The authorities were right to take action earlier this year to restrict investing lending by banks. Failure to have taken action would have resulted in out-of-control Sydney and Melbourne housing markets, where additional aggressive monetary policy may well have triggered a large fall in dwelling prices in 2018,” he said.
Ref: Sophie Foster 19 OCT 2017: https://www.realestate.com.au/news/brisbane-housing-growth-rate-to-double-next-year-to-mirror-sydney/