Property prices on the Gold and Sunshine Coasts are expected to overtake Brisbane in the next few years according to the most recent Australian Housing Outlook by Oxford Economics.
The boom comes after a significant increase in interstate buyers have opted to move, making it more difficult for local renters and buyers to budget effectively.
The report further outlined that while Brisbane prices are still steadily increasing, prices will remain relatively affordable compared to Melbourne and Sydney, with coastal cities set to skyrocket.