Brisbane's property boom may be slowing, but experts say the fundamentals remain strong
After a decade of market-leading growth, Brisbane’s property market is cooling alongside the broader national slowdown, but experts say strong population growth, housing shortages and affordability advantages continue to support long-term prospects.
Driven by a lack of affordability in the detached housing sector, buyer demand has flooded the apartment segment. (Image source: ChameleonsEye/Shutterstock.com)
Brisbane property prices are almost 40 per cent higher than Melbourne — a city almost twice the size — and are now even within a stone’s throw of the notoriously expensive Sydney.
As the national property boom draws to a close, bookended with rising rates and last month’s Federal Budget announcements, questions are being asked about the outlook for the bigger markets.
Yet despite the stellar growth, and the sector nationally cooling, buyers age…
