The rebound in property prices has made households more upbeat about the prospect of further capital gains, with both owner-occupiers and investors revising up their price expectations for 2020.
Brisbane households were the most optimistic, with about two-thirds of investors and owner-occupiers expecting further growth in property values.
Just over half of Melbourne owner-occupiers and Sydney investors were also counting on further price growth.
Sydney investor Marivic Patos, who just settled her third investment property in Brisbane through Buyer's Club, said the market was good because prices were still relatively low.
"I think prices are going to go up dramatically in Brisbane," she said. "The market fundamentals are sound and the market hasn't boomed yet. It's overdue."
Full article at https://www.afr.com/property/residential/bush-city-wealth-sentiment-gap-widens-to-record-13pc-20200213-p540l9
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