Brisbane house prices bubble-up

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This week’s consumer sentiment survey from Westpac revealed that Australian house price expectations are at their highest level in 15 years, following a 2.1% rise in October.

House price expectations

Westpac also noted that “expectations are stronger still in Queensland (184)”.

Queensland’s housing market has boomed following the pandemic to become the nation’s second most expensive jurisdiction after New South Wales.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.