It is good news for home owners and prospective home owners, with news that the housing market is expecting to grow steadily in 2017, and that Brisbane is expected to outperform the other major cities of Australia.
For those looking to invest in units or apartments, prices may even drop in the coming year, making it the ideal time to buy into this market, and if not to live in, definitely as an investment.
This downward trend could have a negative effect for buyers wishing to postpone purchases, as the lower prices will draw in foreign and out of state buyers. This will become even more the trend, as Sydney homes become more and more unaffordable.
All we can advise, is that prospective home owners take full advantage of the lower prices and low interest rates, and get themselves firmly established in the housing market.