Redbank Plains, Queensland, Australia – House and Land from $500,000 – Full Fixed Turn Key Packages. Selling Fast !!
Perched neatly on a breezy hill overlooking Mount Nebo and Mount Glorious in the distance, this boutique development of only 29 large family-oriented home sites in the booming west Brisbane corridor is not to be missed. You will find schools, shops, parks and sporting fields all within walking distance, and the hub of Springfield Central less than 10 mins drive away.
The year 2020 has become one of the most difficult years in Australia. From fires to floods to the Coronavirus, the year has finally passed and 2021 is here. The government was quick to act in response to the country’s challenges last year. However, the aftermaths include the massive stimulus policies and rapid reductions in interest rates. In this article, we’re going to discuss just how all these affect the property market this year.
Brisbane Property Market Forecasts CBA expects Brisbane property prices to increase by 16.6% to 2022 compared to 13.7% in Sydney and 12.4% in Melbourne.
ANZ economists predict Brisbane house prices will rise by 9.5% next year, as government stimulus and low interest rates flow through the economy.
NAB predicted a rise of 14% across all capital cities this year, but NAB chief economist Alan Oster said they upgraded this to 16% rise in Brisbane.
Westpac has also updated its market forecasts as it expects Brisbane prices to surge up to 20% between 2022 and 2023.
Open homes across Brisbane are filling out each weekend as young people flock to the property market in the largest numbers since the GFC.
While the nation slugs through the deepest recession in a century Reserve Bank Governor Robert Lowe says now is the time to get on first rung of property ladder because “interest rates are low, they’re going to stay low”.