What are peoples opinions on the forum for the capital growth remaining in Brisbane over the next three years.
BRISBANE will be the nation's star performer in real estate in the next three years with prices jumping by up to 36 per cent, a report by analysts BIS Shrapnel predicts.The city is expected to out-perform all other capitals.
Brisbane: Residential prices improved by only 3 per cent in real terms between 1993 and 2001 because of a persistent oversupply. Prices have subsequently increased substantially and are forecast to have risen by 21 per cent in 2002/03. The stock surplus has been reversed, and Queensland now has a deficiency of nearly 17,000 dwellings. Underlying demand has increased due to a stronger inflow from both overseas migration and net interstate migration. Strong price growth is forecast over the next three years.
Link to thread on BIS Shrapnel article
http://www.somersoft.com/forums/showthread.php?s=&threadid=9956
BRISBANE will be the nation's star performer in real estate in the next three years with prices jumping by up to 36 per cent, a report by analysts BIS Shrapnel predicts.The city is expected to out-perform all other capitals.
Brisbane: Residential prices improved by only 3 per cent in real terms between 1993 and 2001 because of a persistent oversupply. Prices have subsequently increased substantially and are forecast to have risen by 21 per cent in 2002/03. The stock surplus has been reversed, and Queensland now has a deficiency of nearly 17,000 dwellings. Underlying demand has increased due to a stronger inflow from both overseas migration and net interstate migration. Strong price growth is forecast over the next three years.
Link to thread on BIS Shrapnel article
http://www.somersoft.com/forums/showthread.php?s=&threadid=9956