Brisbane property real-estate prices tipped to outperform other capital cities

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While Brisbane values have been soft for some time, the city is tipped to be ahead of the pack in 2014, according to the National Australia Bank residential property survey.

The NAB survey predicts an increase in house values of 6.4% this year, while the average capital city house price is tipped to rise by 6%.

NAB retail general manager Dion Crowe said the property industry had indicated the housing market would lift further, particularly the lower end and top end.

“Owner occupiers continue to dominate the established housing market, driven by upgraders and we expect this trend to continue over the next two years,’’ he said.

He said their predictions of price growth were driven by continued low interest rates, population growth and longstanding supply issues, plus foreign buying activity.

“Inner city houses remain the most sought after in the established property market, with demand expected to grow over the next year,” he said.

There are also other indicators from economists and property industry stalwarts who have tipped areas expected to perform the best in Queensland are Brisbane suburbs within a 45 minute to I hour radius of the CBD, plus the areas between Brisbane and the Gold Coast, and the Gold Coast itself.