Brisbane property market growth to be ‘moderate’ in 2015

The property rates in Australia will be moderate during the year 2015. According to Dr. Andrew Wilson who is a senior economist of the Domain Group, Brisbane will see a rise of about four to five percent. The median unit price in Brisbane is $357,466 while the price in Sydney stands at $580,861 and Melbourne at $423,169 making Brisbane a more desirable city for real estate buyers.

The average family in the city looking for accommodation in Brisbane could consider staying at a serviced apartment that provides long stay facilities such as Oaks 212 Margaret, located near the CBD giving easy access to business and entertainment locations. It would be affordable to stay at an apartment complex than purchasing real estate.