Well strap yourselves in, because one Aussie property expert is tipping turbo-charged growth to hit our city again in 2022.
Australian house prices will skyrocket by 30 to 50 per cent over the next two years, Propertyology Head of Research Simon Pressley told Savings.com.au.
In particular he tips Brisbane will see growth exceeding 20 per cent in 2022 alone following 15 years of what he sees as supressed real estate activity.
“The economy of Australia’s third largest city is still not as strong as many other locations and commentary about internal migration and infrastructure investment is grossly exaggerated,” Mr Pressley said.
“But the overall conditions are such that we anticipate growth of 25 per cent to 30 per cent in 2022, the strongest Brisbane will have seen since 2003.”
It’s not all about house price growth. Mr Pressley also tips strong rent increases for houses, which might provide that extra motivation to buy instead of rent for those teetering on the decision point of entering the market.
So if you were hoping for a change of pace and predictability in 2022, you might need to rethink the game plan. But achieving your property goals is possible with a well-researched approach, a realistic budget and good local agent support.
Looking for some help to kick your 2022 plan into action? Contact us for a chat.