After years of being the third wheel of Sydney and Melbourne’s powerhouse growth markets, the sun is finally shining bright on Brisbane’s housing markets.

Market experts are forecasting wonderful results for Brisbane due to an increase in interstate migration, economic growth and a slowdown in construction levels and city supply.

BIS Oxford Economics predicts Queensland’s capital will generate the highest price growth of all capital cities over the next three years, a leap of 13 per cent – $70,000, with a new median value of $620,000.

Lured by affordable pricing, the sunny state is now experiencing a boost in interstate migration. The Australian Bureau of Statistics (A.B.S.) figures state the river city had the highest internal migration rate in Australian last financial year, with over 10,000 Sydneysiders and more than 6,400 Melbournians making the move north.

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