Brisbane hits 20% property price growth

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Brisbane today became the second major capital after Sydney to hit 20% dwelling value growth in 2020, according to CoreLogic’s daily index:

Brisbane is now also the strongest major property market, recording 6.3% quarterly price growth:

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My view is that Brisbane’s housing market will outperform over the next decade due to its superior affordability against Sydney and Melbourne:

Brisbane house prices vs Sydney Brisbane house prices vs Melbourne

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.