Brisbane, the capital city of Queensland, has leapfrogged the nation’s capital Canberra to become the second-most expensive city to buy a house in the country.
A position it has not held since 1997.
Brisbane Leapfrogs Canberra to Become 2nd Most Expensive City to Buy a House
Experts said the lack of housing supply, increasing prices, and the influx of migrants are driving factors.
Property sales signage is displayed in North Lakes in Brisbane, Australia, on June 10, 2016. Glenn Hunt/Getty Images
Nina Nguyen is a reporter based in Sydney. She covers Australian news with a focus on social, cultural, and identity issues. She is fluent in Vietnamese. Contact her at [email protected].
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