BIS: Property in L-shaped recovery

Monday 15 July 2019

Via the AFR:

House prices in Brisbane could surge as much as 20 per cent over the next three years as economic growth underpins buying in the city’s relatively affordable residential stock, according to BIS Oxford Economics.

The recovery will proceed more moderately in Sydney and Melbourne, with median house prices forecast to rise 6 per cent and 7 per cent over the same period.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.