According to RiskWise Property Research, the Brisbane market is poised for an increase in housing prices over the medium term.

“This is due to a number of factors including good internal migration to the region creating an increase in demand for houses,” they said

Not only does Brisbane’s value for money aspect as opposed to both Sydney and Melbourne’s look attractive, net migration into Queensland is very high creating solid demand. The QLD government is also making job growth a priority which is also driving positive market conditions.

“We have good fundamentals right now. Relatively good housing affordability, population growth and therefore demand for houses, improved jobs and economy, weakness in other markets, and modest capital growth so it’s not an out-of-control market.”

“Get in or miss out” they warned.