These are my predictions of the Brisbane property market in 2020.

Brisbane is a lot more steady than Melbourne and Sydney. It doesn’t have these messy booms and then these big crashes as part of their cycle. It’s more steady growth, in particular, in the luxury home markets. There we see a lot of demand there even in 2019 and 2018. There was a lot of demand, and we’re going to see that into 2020 as we continue. The reason for that is that compared to Sydney and Melbourne, you can get into prestige homes relatively affordably. So, that’s a big driver at the moment for that market.

In the past few years, probably four or five years, the apartment market has had an oversupply, so it was very stagnant, the prices. But what we’re going to be seeing in 2020 is quite a big increase in value of the apartment market because over the past few months, we’ve seen actually that already starting to happen. So, it means that the demand has finally caught up with the supply, and when that happens, the price will go up. So, I predict for 2020 a good, solid increase in units values.