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

Brisbane is still one of Australia’s standout property markets, but the pace is becoming more measured. After a powerful upswing that pushed values to fresh highs, the city recorded 19.1% annual dwelling growth and remains at its market peak. That strength gives sellers a clear advantage, although affordability pressure and softer national conditions mean buyers are becoming more selective. The story now is strength with discipline: Brisbane remains highly competitive, but pricing, timing and presentation still matter.

Key Takeaways

Watch Cotality’s June  2026 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

Price growth in Brisbane remains among the strongest of the major capitals. Dwelling values increased 0.9% in May, lifted 3.4% over the quarter and are now 19.1% higher over the year. The city’s total return reached 23.1%, reflecting both capital growth and rental income, while the median dwelling value now sits above $1.12 million.

The growth profile is broad, but units are leading the pace. Brisbane unit values rose 1.3% over the month, 4.1% over the quarter and 21.8% annually, compared with 0.8%, 3.3% and 18.6% for houses. This points to affordability-driven demand, with buyers increasingly drawn to lower-priced segments as detached housing becomes harder to access.

Brisbane Property Market Trends

Across the metro area, the strongest results are concentrated in value-oriented and growth-corridor markets. Beaudesert led Greater Brisbane with annual dwelling value growth of 24.7%, followed by Loganlea-Carbrook at 24.1%, Centenary at 23.8% and Springwood-Kingston at 23.5%. This pattern suggests buyers are still active, but they are increasingly focused on suburbs where relative value and family housing appeal remain more accessible.

Rental conditions add another layer of resilience. The gross dwelling yield is 3.3%, with house rents rising 6.7% annually and unit rents up 6.2%. Units offer a stronger gross yield of 3.9% compared with 3.1% for houses, reinforcing why lower-priced, income-producing stock remains attractive even as higher mortgage rates continue to test investor returns.

This table provides a snapshot of housing value performance across major markets.

Brisbane Property Market Forecast

The most likely direction for Brisbane is continued growth, but at a slower pace. The city still has clear supports in place, including tight supply, population-driven demand and rental market pressure, while its quarterly growth rate of 3.4% shows momentum has not faded in the way it has across weaker capitals. However, the broader market backdrop is becoming more challenging.

Higher interest rates, stretched affordability and softer confidence are likely to reduce the depth of the buyer pool, especially at higher price points. Brisbane’s strong annual growth also means the market is more exposed to affordability constraints than it was earlier in the cycle. The outlook is therefore not one of sharp reversal, but of moderation, with sellers still holding an advantage while buyers become more selective.

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 enters the next stage of the cycle from a position of genuine strength, underpinned by population demand, rental pressure, limited supply and strong recent capital growth. Yet with the median dwelling value now at $1,126,149, affordability will increasingly shape buyer behaviour and seller outcomes.

For homeowners thinking of selling, the market still offers opportunity, but the best results are likely to come from realistic pricing, strong presentation and acting while buyer demand remains active.

Next steps