Brisbane's housing bubble won't burst for three more years, analysts say.
Potential home buyers hoping for Brisbane's property market bubble to burst may have to wait another three years, says a leading economic forecaster.

BIS Shrapnel has predicted the market will turn around this financial year with an impending mining boom, but warns aggressive interest rate rises could see property prices fall in 2014.

BIS Shrapnel analyst Angie Zigomanis said Brisbane's median house price was tipped to increase 15 per cent from $440,000 to $505,000 over the next three years.

Mr Zigomanis said rising interest rates would limit the average annual price rise to 4.7 per cent, although buyer confidence was likely to improve with the second-wave mining boom.

Brisbane Canal-front land sales update

Sales of new canal-front blocks on the Gold Coast have slowed, however according to research prices have not decreased.

The average canal-front block costs between $700,000 and $1 million on the Gold Coast.

Over the long term waterfront land on the Gold Coast has increased in value at about 15% per annum.

The value of waterfront land should not go any lower due to its scarcity and will probably increase further.
Source: (AFR Pg. 58)