Brisbane buyers’ ‘irrational exuberance’ to roll through next year
Brisbane’s unprecedented buyer demand is likely to continue to push up house prices throughout the back half of 2021 and into next year, but investors have been urged to act fast to maximise the benefits of the boom.
Brisbane's appeal as an affordable, modern, growing city is seen as a solid foundation by property investors. Photo: Alex Cimbal/Shutterstock
Brisbane’s unprecedented buyer demand is likely to continue to push up house prices through the back half of 2021 and into next year, but investors have been urged to act fast to maximise the benefits of the boom.
Leading property economist Michael Matusik said evidence was mounting that Brisbane’s remarkable run, which CoreLogic said has pushed up median dwelling prices by 10.3 per cent over the past 12 months to a record of more than $573,000,…
