Brisbane Property Market – Prices, Trends, Forecast [May 2025]

Brisbane’s housing market continues to show resilience and strength as of April 2025. With annual dwelling value growth reaching 7.8%, Brisbane stands out among the larger capital cities, trailing only behind Adelaide and Perth. The median dwelling value in Brisbane now sits at $907,864, confirming its position as one of the more robustly performing capital city markets.

Brisbane remains at its price peak, distinguishing it from other major cities like Sydney and Melbourne, which are still below their historic highs. This indicates a sustained momentum in property value appreciation, driven by a mix of demand-side strength and moderate supply.

Brisbane Property Price Growth

• Monthly change: +0.4%
• Quarterly change: +1.0%
• Annual change: +7.8%
• Total return (including rent): 11.8%
• Gross rental yield: 3.7%
• At peak value: Yes

This consistent growth over multiple time frames underscores Brisbane’s market maturity and strong buyer confidence. Units in Brisbane have also outperformed expectations, with 12.8% annual growth, suggesting increasing demand for more affordable dwelling types or urban living alternatives.

CoreLogic Home Value Index

CoreLogic Home Value Index, Released on 1st May 2025

Brisbane Property Market Trends

Sub-Market Performance

Brisbane’s growth is widespread, with multiple suburbs recording double-digit growth over the past 12 months:

• Beenleigh (Logan-Beaudesert): +12.8%
• Ipswich Hinterland: +11.4%
• Caboolture (Moreton Bay – North): +11.0%
• The Gap – Enoggera: +10.6%
• Brisbane Inner City: +10.6%
• Capalaba (East): +10.5%

This geographical spread of strong performers—from outer regions like Ipswich to inner-city precincts—reflects both broad-based demand and affordability pressures shifting buyers further from the CBD.

Rental Market

Gross rental yields for dwellings in Brisbane have reached 3.7%, placing the city on par with Melbourne and ahead of Sydney. Notably, rental growth for units has surged, adding pressure to a market already constrained by supply and affordability.

Change in dwelling values over key time periods

Brisbane Property Market Forecast

Brisbane is expected to maintain a moderate growth trajectory in 2025, supported by:

• Potential rate cuts post-May 20, which would stimulate borrowing and buyer activity.
• Ongoing undersupply in housing, which keeps upward pressure on values.
• Policy tailwinds expected from the federal election, such as expanded homebuyer support schemes.

However, affordability remains a concern. Even with strong returns, the time required to save for a deposit and mortgage serviceability metrics remain stretched. Still, Brisbane’s strong labour market and relatively lower dwelling prices compared to Sydney and Melbourne make it a more accessible option for many buyers.

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.

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Conclusion for Homeowners

Brisbane continues to outperform most capital cities on both capital growth and rental returns. Its dwelling values are at record highs, and growth is broad-based across the metro area. The city’s strong fundamentals—housing demand, rising rents, relative affordability, and improving sentiment—position it well to remain a top-performing market in the short to medium term.

While macroeconomic uncertainties (e.g., global trade tensions, consumer sentiment shifts) could weigh on national activity, Brisbane’s solid local dynamics and resilience suggest it will weather headwinds better than most.

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