Property Forecasting > Report
Brisbane has benefitted from a significant affordability advantage over Sydney and to an extent Melbourne, which has been a key driver of population growth from rising interstate inflows and a relative stability of land prices. While dwelling demand has been high in recent times, supply has been higher still, brought about by a spike in construction has been driven by a large pipeline of high density dwellings. It will take time for the excess in the unit market to be absorbed and new housing activity is now also falling away with owner occupiers constrained by tightened lending requirements. While land prices have remained reasonably resilient in Brisbane, competition from the apartment rental market closer to the city is expected to see a significant reduction in lot production over the coming period to mid-2021 before the next cycle begins.
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