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Moderate value growth predicted across Brisbane

By James Brown

The next 12 months are likely to mark a period of moderate price growth for properties across Brisbane, Domain Group senior economist Andrew Wilson has predicted.

Increases of between four and five per cent are forecast, as the city avoids the boom-like conditions seen in the likes of Sydney.

Speaking to Fairfax Media sources, Dr Wilson explained that now is perceived as a good time to buy real estate in Bellmere and other parts of the capital.

"Within 10 kilometres of the city, and that wide arch from Capalaba to Indooroopilly, upwards to Chermside and Enoggera, there are still good buying opportunities because prices aren't much higher than what they were three to four years ago," he commented.

Results of the December CoreLogic RP Data Home Value Index revealed that home values across Brisbane increased 1.8 per cent during the final three months of 2014.

RP Data's Cameron Kusher expects the market to experience a slight slowdown over the coming year, which could further work in the favour of anyone who is yet to purchase property.

Moderate capital growth began in April 2014, and RP Data believes this is likely to continue well into 2015.

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