Sydney and Melbourne housing markets are bouncing back after a major slump the previous two years, however another capital city is set to be the new property powerhouse. House prices in the state capitals are set to increase in 2020, according to property research firm BIS Oxford Economics in a report released Monday. The Brisbane housing market is forecast to see a 20 per cent increase in house values - almost double the growth of the next biggest capital city. To be able to buy a two bed apartment eight train stops from the city for $419,000 makes sense.' The rest of the country is forecast to see an recovery in house prices though at lower levels (pictured; Kendall Street, Oxley selling for $489,000)

Source: Daily Mail July 15, 2019 01:33 UTC