A new report from BIS Shrapnel has found that Australian property prices are expected to remain steady in 2011 and grow moderately over the next two years.
It also points to Sydney, Perth and Brisbane as the cities likely to record the fastest residential property growth in the next three years.
The BIS Residential Property Prospects to 2011-2014 report suggests that current downward pressure is temporary and is tipping long-term growth.
Stronger economic growth in 2011-13 is expected to flow through to property. Perth, Sydney and Brisbane are expected to see the biggest rises through 2014 due to new dwelling construction remaining under demand levels.
Posts
