Brisbane’s apartment market forecast to rise 5.6% in 2020: Moody's Analytics

Brisbane’s apartment market forecast to rise 5.6% in 2020: Moody's Analytics
Joel RobinsonJune 23, 2019

Brisbane apartment prices are expected to perform better than houses in the medium term, according to Moody's Analytics.

They forecast the Greater Brisbane area's apartment values to increase by 5.6% in 2020 after a 0.7% decline in 2019. 

Moody's said growth in Brisbane apartment market has been crimped by high supply in recent years.

Between 2013 and 2016 apartment approvals outnumbered housing approvals on an average three to one.

Recently approvals have been more aligned which is set to drive apartment prices. 

The increase is forecast to be led by Ipswich and the Moreton Bay North areas which are expected to see prices increase over eight percent in 2020.

"Apartment prices are expected to perform better than house prices for Brisbane (and Greater Brisbane) in the medium term", Moody's advised.

"We forecast home values to underperform throughout the forecast period, while apartment values are expected to reach a trough in 2018-2019 followed by a pronounced recovery in 2020 

Moody's 2021 forecast for Brisbane apartments is similar to how they expect it to perform in 2020, however there are areas of concern in the inner city areas.

Ipswich and the Moreton Bay regions will remain strong, however Moody's believe there will be declines up to 5.4% for apartments in the inner city. 

 

 

 

 

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Editor's Picks

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000