(BIS Oxford Economics – QBE Housing Report)

The strongest outlook for capital city property prices across the nation is forecast for Brisbane. It is predicted that a combination of rising population growth and rapidly falling supply will fuel this forecast growth. With the Queensland economy also forecast to strengthen, residential price growth is forecast to steadily accelerate by 20.3% through to 2021/22.

Brisbane house market - Opportunity abounds

Tourism is boosting economy and affordability remains advantageous

Brisbane’s residential market did not see the same magnitude of residential price growth over the last cycle compared to Sydney and Melbourne. With affordability less strained…the detached housing market is estimated to be in relative balance with the unit oversupply reflected in the higher vacancy rate in the inner suburbs.

QUEENSLAND is on the cusp of a housing boom fuelled by Sydney and Melbourne’s property woes, with a leading analyst predicting interstate migration to hit a record high by next year — putting upward pressure on home prices.

Ipswich City Council has paved the way for Brisbane Lions to build a boutique football stadium at Springfield Central.

It gives the Lions the green light to start construction on the $70 million facility, which was secured with the financial support of council, the Federal and State Governments, Springfield City Group and the AFL.

A project is underway at Warnervale to provide a new primary school. Only 600m metres from The Vale on Virginia on Virginia Road.

The new school will accommodate up to 460 students and the core facilities will be sized to allow for future expansion of the school in the long term.

A artist’s impression of Springfield Central park ‘n’ ride.

Detailed design on the $44.5 million facility is expected to be completed by early 2020 with construction to follow and will mean more than 650 additional car parks for local commuters.