How will recession affect Brisbane property prices?

[jersey10]

I believe there is / will be a recession in Australia. I presume a strong decrease in economic growth will have a negative effect on residential property prices in general throughout the country. However, i do keep hearing that Brisbane may be shielded from a big drop in property prices due to two main reasons. Firstly, many people moving from overseas and interstate to Brisbane moreso than any other state in Australia. Secondly, there is a shortage of housing in Brisbane that continues to increase not decrease as new projects decrease and more people move to Brisbane. Thoughts?

[Wildkactus]

I think what you say is correct to the point of how bad a recession we enter.
if people start losing their jobs in large numbers then there will be no hope for people to get loans or even maintain there current ones, so the fire sales could drive prices lower.

other then that I see SEQ doing quite well a little down but not a great deal.