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:
Throw the 2032 Olympics into the mix, and Brisbane dwelling values should converge somewhat with its bigger East-Coast cousins.
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.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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