Brisbane’s property market has experienced the strongest growth out of the major capital cities this year, according to CoreLogic:
The Centre for Population’s 2021 Population Statement suggests that Brisbane’s bull run could continue on the back of strong interstate migration from Sydney and Melbourne:
Net interstate migration is forecast to increase for all states except New South Wales and Victoria in 2020-21 and 2021-22. This increase is expected to be driven by migration from New South Wales and Victoria to other states. Queensland is forecast to continue to experience the largest net interstate migration gains as it has avoided extended lockdowns and has historically been a popular destination for interstate migrants.
