A city that is much more affordable than Sydney or Melbourne is tipped to conservatively enjoy 20 per cent house price growth during the next two years.
In Brisbane, $1million buys a very nice house, including a renovated Queenslander, near the city instead of an ordinary brick veneer home in western Sydney more than 30km from the central business district.
In the Queensland capital, $650,000 is still enough for a modest home near the CBD.
During the past year, six suburbs in Brisbane saw mid-point house prices climb into the seven figures, with values soaring by more than $250,000 in one year or by close to a third.