Housing to become more affordable unless you're in Brisbane

BRISBANE is set to buck a national trend and become the only Australian capital to escape declining median house prices in real terms over the next three years.

But a BIS Shrapnel housing market outlook also warned of an impending oversupply of inner city apartments.

The Residential Property Prospects 2015 to 2018 puts Brisbane's estimated median house price  in June 2015 at $520,000, reflecting an average five per cent yearly increase in growth since 2012.

Study author Angie Zigomanis said that was still below Brisbane's June 2010 peak in real terms, and coupled with low interest rates meant affordability was at levels seen in the early 2000s.

"Because the market has been so weak, it's not suffering the affordability issues of Sydney and Melbourne," he said.

Read more at Brisbanetimes.com.au


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