Housing to become more affordable unless you're in Brisbane

BRISBANE is set to buck a national trend and become the only Australian capital to escape declining median house prices in real terms over the next three years.

But a BIS Shrapnel housing market outlook also warned of an impending oversupply of inner city apartments.

The Residential Property Prospects 2015 to 2018 puts Brisbane's estimated median house price  in June 2015 at $520,000, reflecting an average five per cent yearly increase in growth since 2012.

Study author Angie Zigomanis said that was still below Brisbane's June 2010 peak in real terms, and coupled with low interest rates meant affordability was at levels seen in the early 2000s.

"Because the market has been so weak, it's not suffering the affordability issues of Sydney and Melbourne," he said.

Read more at Brisbanetimes.com.au



Quick-thinking Rocky teen saves man's life on boat ramp

premium_icon Quick-thinking Rocky teen saves man's life on boat ramp

'The decisions I made determined if he survived or not'

Landry announces $2.7m upgrade for coast water facilities

premium_icon Landry announces $2.7m upgrade for coast water facilities

UPGRADE includes a new pipework, water storage and pumping equipment

Sisters' backyard dream becomes reality with new coast cafe

premium_icon Sisters' backyard dream becomes reality with new coast cafe

DAN and Carli Richards brought dream alive with new business venture

Local Partners