There is an interesting story in Property Observer by Matusik. In it, he says:
"Market watchers will have their own theories on milestones that signal a change in the fortunes of the real estate market. I, for one, think that Brisbane has turned a corner and is well-positioned on the property clock. ... Too early to call an upturn? Maybe, but the signs are definitely there. Of course, the proof in the pudding is a sustained rise in generic property prices."
I think Matusik is slightly optimistic about Brisbane at present, but that is just my view.