Brisbane overtakes Melbourne to become Australia’s second most expensive housing market | ABC NEWS
Chief of Research and Economics at Domain Dr Nicola Powell unpacks some of the findings in the September quarterly house price report.
The housing market is expected to continue to increase, with lower interest rates and expanded first-home buyer policies.
The report finds that Brisbane has now overtaken Melbourne to become Australia’s second-most expensive housing market with the average house costing $1.1 million. Sydney still has the most expensive market with the average house price sitting at $1.75 million.
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