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

Brisbane’s property boom has met its first meaningful speed bump, but the market remains far stronger than the latest monthly result suggests. Dwelling values fell 0.6% in July and over the quarter, yet they were still 14.8% higher than a year earlier, with the median dwelling value reaching $1,104,094. This contrast between strong longer-term growth and weakening short-term momentum now defines the outlook for homeowners and sellers.

Key Takeaways

Watch Cotality’s July  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

Zoom out and the scale of Brisbane’s gains is still striking. Values have increased 71.2% over the past five years and 116.6% over ten years, leaving the market just 0.7% below the record high reached in May 2026. Despite the recent decline, Brisbane’s 14.8% annual growth rate remained well ahead of the 3.9% recorded across the combined capitals.

Growth has also been broad across the metropolitan area. Beaudesert led Brisbane’s strongest-performing regions with annual growth of 20.8%, followed by Sherwood-Indooroopilly at 20.4% and Beenleigh at 19.4%. Every area in Brisbane’s top ten recorded growth of at least 17.8%, showing that the earlier upswing extended well beyond a small group of premium suburbs.

Brisbane Property Market Trends

Affordability is increasingly deciding where Brisbane’s market is holding its ground. Units rose 0.4% over the quarter while house values fell 0.9%, and their annual growth also led the market at 17.1% compared with 14.3% for houses. This suggests buyers are shifting towards lower-priced property types as higher mortgage costs place greater limits on borrowing capacity.

Rental demand remains another important source of support. House rents increased 6.7% over the year and unit rents rose 6.2%, although Brisbane’s gross dwelling yield of 3.4% remains relatively modest. For sellers, the market is becoming more price-sensitive, with buyers gaining greater choice and negotiating leverage as demand slows.

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

Brisbane Property Market Forecast

Momentum has turned, but Brisbane is easing from considerable strength rather than entering a broad retreat. Values fell 0.6% in July and across the quarter, leaving them only 0.7% below their May 2026 peak, while annual growth remained 14.8%. Near-term conditions point to more price-sensitive buyers and uneven results as higher mortgage repayments, affordability constraints and weak confidence reduce competition. The depth of the slowdown will depend largely on supply. Population growth and low unemployment continue to support demand, while high construction costs restrict new housing. With some vendors delaying their plans as conditions soften, Brisbane is more likely to experience a controlled adjustment than a steep fall, although further modest declines remain possible before momentum stabilises.

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’s property market is moving out of its rapid-growth phase and into a more selective period. Although dwelling values slipped 0.6% in July, annual growth remained strong at 14.8%, supported by tight rental conditions, population growth and a persistent shortage of new housing. For homeowners considering selling, buyer demand is still present, but results will increasingly depend on realistic pricing and the relative appeal of the property. Brisbane may experience further modest cooling, yet its underlying supply and demand fundamentals leave it well placed to retain much of its recent growth.

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