PHOTO: The latest housing report believes “the worst is over” for the housing slump, especially in the apartment sector.
RELIEF may be in sight for Brisbane apartment owners, with latest forecasts predicting “the worst is over” for the region’s unit market with values set to rise this year.
The CoreLogic-Moody’s Analytics Australian Home Value Index Forecast said Greater Brisbane would see a massive 6.5 per cent rise in apartment values next year, which comes after several years of oversupply warnings across the region.
It expected apartment values overall across Greater Brisbane to recover this year, growing 0.8 per cent in 2018, after backsliding -2.9 per cent last year.
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