Brisbane hits 20% property price growth

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:

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

Throw the 2032 Olympics into the mix, and Brisbane dwelling values should converge somewhat with its bigger East-Coast cousins.

Unconventional Economist

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