Brisbane Property Market – Prices, Trends, Forecast [February 2026]

Brisbane remains one of Australia’s standout performers, with price gains still running well ahead of the larger capitals despite stretched affordability. Values are at or near cycle highs, supported by a market where buyer demand is meeting limited stock for sale, keeping competitive pressure in place across many suburbs.

The city’s median dwelling value sits at $1,054,555, and annual growth is 15.7%, signalling a firmly positive trend even as momentum cools from late-2025 peaks. Conditions point to a market that is still rising, but increasingly sensitive to borrowing costs, household budgets, and shifts in buyer confidence.

Highlights

See how Brisbane’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Watch CoreLogic’s December 2025 Housing Market Update for expert commentary on national and capital city housing trends, price movements, and key market drivers across Brisbane.

Brisbane Property Price Growth

Brisbane’s latest price growth profile shows a market that is still accelerating on an annual basis while gradually easing on a month-to-month footing. Dwelling values lifted 1.6% in the most recent month and 5.1% over the past three months, contributing to a 15.7% annual increase. This places Brisbane firmly in a high-growth cohort, with returns still comfortably positive over the year.

Growth has also been resilient across housing types. Houses rose strongly over the year, while units have been rising even faster, reflecting renewed competition for lower price points and lifestyle-focused demand. This divergence suggests affordability is pushing some buyers toward attached housing, while limited listings continue to keep upward pressure on detached homes.

At a local level, the strongest gains are concentrated in both established family areas and growth corridors. Several Brisbane SA3 regions recorded annual rises in the high teens to low 20s, indicating the upswing is not confined to a single segment of the market.

Brisbane Property Market Trends

Brisbane’s market is being shaped by an ongoing imbalance between demand and available supply. Listings remain lean relative to typical levels, which has helped maintain competition and price resilience even as household budgets are squeezed. This supply constraint is a key reason the market continues to post solid gains despite worsening affordability.

Another clear trend is the market’s tilt toward relatively more affordable options. Buyers are increasingly value-sensitive, and competition tends to be strongest where entry costs are lower. That dynamic supports faster growth in lower to mid-priced segments, and it also helps explain why units have been recording particularly strong annual gains compared with many other capitals.

Rental conditions add another supportive layer. Brisbane rents have continued rising over the past year for both houses and units, and vacancy rates nationally remain well below long-run averages. While yields are not exceptionally high, tight rental markets can keep investors active and encourage some renters to consider ownership when the gap between renting and buying narrows.

The table outlines CoreLogic’s Home Value Index as of 2nd February 2026, showing peak declines, five-year growth, and changes since the first rate cut in February 2025.

Brisbane Property Market Forecast

Brisbane is likely to move into a phase of steadier, more uneven growth rather than a sharp change in direction. The biggest constraint is affordability, as higher prices and borrowing costs reduce purchasing power and limit the pool of buyers able to transact at current levels. If interest rates rise further, demand could soften more quickly, especially in higher-priced submarkets.

At the same time, several stabilisers remain in place. Low advertised stock and below-average new housing supply are likely to persist, which should help prevent a meaningful downturn. Buyer incentives, particularly for first-home buyers, can continue to funnel demand toward more affordable segments, supporting activity even if headline momentum cools.

Overall, Brisbane’s outlook points to slower growth through 2026, with outcomes likely to vary by suburb and property type. A moderation in the pace of gains appears more probable than a reversal, unless economic conditions deteriorate materially or credit settings tighten sharply.

The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.

Here are some of the most recent forecasts by the big-4 banks in Australia:

• ANZ predicts a 5-6% increase in capital city property prices in 2024, with Brisbane expected to see the highest rise at 9-10%, Perth property values could go up by 1-11%, Sydney by 4-5%, and Melbourne prices by 2-3%.
• CBA forecasts a 5% rise in capital city prices, with some variations: Brisbane is anticipated to grow by 6%, Melbourne and Perth by 5%, Sydney by 4%, and Adelaide by 1%.
• NAB projects a 5.4% average increase across the capitals, with Brisbane expected to see a 6.5% rise, Perth and Adelaide by 6.2%, Melbourne by 5.5%, Sydney by 5%, and Hobart remaining flat.
• Westpac expects a 6% growth across the combined capitals, with Perth leading at 10%, followed by Brisbane at 8%, Sydney at 6%, Adelaide at 4%, and Melbourne at 3%

Oxford Economics recently released property forecasts predicting where house prices will be in three years.

Explore More Queensland Property Insights

• Hervey Bay Property Market
• Gold Coast Property Market
• Sunshine Coast Property Market

Conclusion

Brisbane is still delivering strong housing outcomes, underpinned by scarce supply and broad demand, even as affordability pressures build. Recent results show the market remains firmly positive, with growth strongest where buyers can still find relative value, including many unit markets and select suburban corridors.

Looking ahead, the balance of forces suggests a cooling in momentum rather than a downturn. If listings remain tight and the labour market holds up, Brisbane should continue to record gains, just at a more sustainable pace and with greater variation across locations and dwelling types.

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