Housing price growth of between 16% and 17% is predicted for Brisbane according to a recent report released by QBE LMI. The Australian Housing Outlook 2011-2014 prepared by BIS Schrapnel and released last month includes a number of predictions and analysis of vital interest to new home buyers and property investors.
In relation to first home buyers, demand is expected to enter a recovery phase through 2012. This follows an extended drop in first home buyer numbers after many of these buyers brought forward their purchasing decisions in 2009 as the result of the boosted first home owners grant.
The report also notes that Brisbane’s affordability is at its best level since 2006.
Expected stronger economic conditions are the basis for the forecast for price increases in most Australia capital cities through to 2013. The increase of 16% to 17% in housing prices is predicted for Brisbane and Darwin.
Contact us for a full copy of the report. Have a look at our range of new home options at http://www.lawpropertyaustralia.com.au/New-Home-Options.php.