Apartment oversupply to drive Brisbane prices: Paul Bloxham's 2017 forecast

Oversupply is slated to effect the Brisbane apartment with price growth for 2017 predicted between -4 to zero percent, according to HSBC.

Paul Bloxham, HSBC senior economist said there will be limited effect on the detached house market due to the lack of substitutability.

"A key difference for the Brisbane market, when compared with Melbourne, is that housing price growth has been far more limited than in Melbourne, which could limit the scope for significant price falls," he said.