Median prices in Brisbane suburbs could climb over the next three years, according to research from Select Residential Property Research Group (SRP).
Prices in the suburbs of Red Hill and Keperra were predicted to rise by 25% for the next three years, according to SRP research director Jeremy Sheppard.
“Red Hill and Keperra were the winners for the forecast growth over the period, with median house prices potentially increasing by about $215,000 and $130,000, respectively,” Sheppard said.
Red Hill has a median price of $851,016, while Keperra has a more affordable median value of $535,195, according to the research.
Mount Gravatt and Rochedale South were also predicted to record a 24% price jump price by 2022, along with Arana Hills, the research showed. All three suburbs have median house prices less than $635,000, according to SRP.
Morningside, Chermside West, and Tingalpa were also selected by SRP as having serious growth potential.
The research mirrored BIS Oxford Economics’ forecast of a 20% price growth in Brisbane over the next three years, outpacing Sydney and Melbourne.
