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Thursday, March 19 2015

BIS Shrapnel says pent up demand, a push by investors into the market and an undersupply of new housing stock will drive a 14% surge in Brisbane house price over the next 2 years to June 2017. Pushing the market further out of reach of first-home buyers and driving up rents.

Beyond 2017, house prices will continue to rise in markets like Sydney and Brisbane, but at a more moderate pace, as higher interest rates impact on demand.

Posted by: Greg Carroll AT 06:25 am   |  Permalink   |  Email