In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge by the most, while the Sydney market slows to a crawl.
Though in the short-term, property price growth will remain weak, or even decline in some markets, according to industry analyst BIS Oxford Economics in its latest report.
It argues this is due to tighter lending criteria, particularly a crackdown on interest-only loans and record levels of dwelling construction being completed which may lead to an oversupply in some states.