What will your home be worth in 2036? Picture: Getty ImagesANALYSISNews of the death of Australia’s housing market has been greatly exaggerated, according to an exclusive new data set.The current housing downturn, which is sparking fear and uncertainty all over the nation, will be temporary, according to the research from realestate.com.au, which shows hundreds of suburbs will experience strong growth over the next five and 10 years.The data looked at past market performances and a 20 year projection trend- incorporating the current downturn- and projected suburb by suburb median values for houses and units by 2031 and 2036.The numbers showed growth in most areas of Australia, with some markets primed to perform better than others.MORE:Buyers warned as Qld house prices set to doubleBrisbane home values have risen sharply in recent years.In Queensland for example, the research uncovered a number of suburbs that could double in value by 2036, despite Brisbane values being currently on a downward trend and 3.9 per cent lower than their March peak.Realestate.com.au senior economist Angus Moore noted that the state’s recent price falls were minor, when held up to the growth that values ...
Exclusive data reveals suburbs across Australia tipped to double in value by 2036
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