Brisbane’s property market to cool in 2017, 2018: Moody's
Staff ReporterDecember 7, 2020
Queensland's slow start to 2017 shows one of the weakest rates of growth across Australia at just 0.4 percent in 2016, according to the CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, 2017Q1.
The report said after a strong showing in 2016, Brisbane’s property market will cool in 2017 and 2018, due in part to the continuing mining slowdown.
"The mining slowdown continues to weigh on job growth, and unemployment in the city’s local economy is expected to remain elevated at around 6 percent in 2017," it said.
"Valuations in Brisbane, Hobart and Adelaide are improving, helped partly by better employment conditions. We forecast 3.3 percent growth in detached housing values for Brisbane this year."
