This is the best summary I could come up with:

New data reveals Brisbane’s house and unit prices are on track to reach a record high before the end of the year.

The Domain September housing report found the price downturn in the city was “short and sharp” and was on track to exceed prior highs.

She said strong population growth, tight rental market, and high construction influenced the price rise.

“Across Brisbane, the total supply of houses for sale at the moment is about 40 per cent lower than the five-year average for this time of year,” Dr Powell said.

Mr McCrindle said he expected the next generations to face “big challenges” with house prices rising faster than wages.

Urban geographer Rachel Gallagher, from the University of Queensland, said if house prices continued to rise, it would be a “dire” situation for households.

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