House hold income growth in Queensland has been significantly higher than NSW or Victoria over the past 3 years, which, together with an extended phase in rents and reduced vacancies, translates to a positive outlook for good positive growth for Queensland. It adds up to still being a very strong fundamental environment in terms of property price growth over the course of this year and into 2009. BIS Shrapnel forecasts, Brisbane is projected to show the best growth over the next 3 years and, by 2010 will be the leading long-term growth average of Australian capital cities.
BIS Shrapnel research also shows that Brisbane, which of course represents a barometer for the whole SE Queensland region, is showing an imbalance between supply and demand and as a result, is set to affect prices. Jason Anderson believes the Brisbane capital will soon face a direct shortage of housing, especially for renters.